FIBK vs. QQQ
Compare and contrast key facts about First Interstate BancSystem, Inc. (FIBK) 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: FIBK or QQQ.
Key characteristics
| FIBK | QQQ | |
|---|---|---|
| YTD Return | 5.50% | 15.96% |
| 1Y Return | 32.54% | 28.44% |
| 3Y Return (Ann) | -1.86% | 8.94% |
| 5Y Return (Ann) | 0.00% | 20.55% |
| 10Y Return (Ann) | 5.23% | 17.81% |
| Sharpe Ratio | 0.79 | 1.62 |
| Daily Std Dev | 36.53% | 17.68% |
| Max Drawdown | -52.45% | -82.98% |
| Current Drawdown | -26.62% | -5.86% |
Correlation
The correlation between FIBK and QQQ is 0.37, 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
FIBK vs. QQQ - Performance Comparison
In the year-to-date period, FIBK achieves a 5.50% return, which is significantly lower than QQQ's 15.96% return. Over the past 10 years, FIBK has underperformed QQQ with an annualized return of 5.23%, while QQQ has yielded a comparatively higher 17.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FIBK vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Interstate BancSystem, Inc. (FIBK) 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
FIBK vs. QQQ - Dividend Comparison
FIBK's dividend yield for the trailing twelve months is around 6.10%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIBK First Interstate BancSystem, Inc. | 6.10% | 6.11% | 4.40% | 4.03% | 4.89% | 2.91% | 3.01% | 2.36% | 2.03% | 2.71% | 2.26% | 1.42% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FIBK vs. QQQ - Drawdown Comparison
The maximum FIBK drawdown since its inception was -52.45%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FIBK and QQQ. For additional features, visit the drawdowns tool.
Volatility
FIBK vs. QQQ - Volatility Comparison
First Interstate BancSystem, Inc. (FIBK) has a higher volatility of 8.32% compared to Invesco QQQ (QQQ) at 6.05%. This indicates that FIBK'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.