FL vs. QQQ
Compare and contrast key facts about Foot Locker, Inc. (FL) 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: FL or QQQ.
Correlation
The correlation between FL and QQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FL vs. QQQ - Performance Comparison
Key characteristics
FL:
-0.83
QQQ:
0.47
FL:
-1.19
QQQ:
0.82
FL:
0.86
QQQ:
1.11
FL:
-0.57
QQQ:
0.52
FL:
-1.48
QQQ:
1.79
FL:
31.92%
QQQ:
6.64%
FL:
57.11%
QQQ:
25.28%
FL:
-88.62%
QQQ:
-82.98%
FL:
-81.28%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, FL achieves a -46.09% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, FL has underperformed QQQ with an annualized return of -12.79%, while QQQ has yielded a comparatively higher 16.91% annualized return.
FL
-46.09%
-19.33%
-51.39%
-46.63%
-12.18%
-12.79%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
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Risk-Adjusted Performance
FL vs. QQQ — Risk-Adjusted Performance Rank
FL
QQQ
FL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Foot Locker, Inc. (FL) 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
FL vs. QQQ - Dividend Comparison
FL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FL Foot Locker, Inc. | 0.00% | 0.00% | 5.14% | 3.97% | 1.95% | 2.30% | 3.81% | 2.53% | 2.57% | 1.52% | 1.49% | 1.53% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FL vs. QQQ - Drawdown Comparison
The maximum FL drawdown since its inception was -88.62%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FL and QQQ. For additional features, visit the drawdowns tool.
Volatility
FL vs. QQQ - Volatility Comparison
Foot Locker, Inc. (FL) has a higher volatility of 30.37% compared to Invesco QQQ (QQQ) at 16.86%. This indicates that FL'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.