FANG vs. QQQ
Compare and contrast key facts about Diamondback Energy, Inc. (FANG) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FANG or QQQ.
Correlation
The correlation between FANG and QQQ is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FANG vs. QQQ - Performance Comparison
Key characteristics
FANG:
0.17
QQQ:
1.54
FANG:
0.43
QQQ:
2.06
FANG:
1.05
QQQ:
1.28
FANG:
0.19
QQQ:
2.03
FANG:
0.53
QQQ:
7.34
FANG:
8.92%
QQQ:
3.75%
FANG:
28.13%
QQQ:
17.90%
FANG:
-88.72%
QQQ:
-82.98%
FANG:
-24.74%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, FANG achieves a 5.13% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, FANG has underperformed QQQ with an annualized return of 12.14%, while QQQ has yielded a comparatively higher 18.30% annualized return.
FANG
5.13%
-14.19%
-15.95%
3.74%
17.21%
12.14%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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Risk-Adjusted Performance
FANG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FANG vs. QQQ - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 5.31%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 5.31% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FANG vs. QQQ - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FANG and QQQ. For additional features, visit the drawdowns tool.
Volatility
FANG vs. QQQ - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 7.32% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that FANG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.