FNV.TO vs. QQQ
Compare and contrast key facts about Franco-Nevada Corporation (FNV.TO) 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: FNV.TO or QQQ.
Key characteristics
| FNV.TO | QQQ | |
|---|---|---|
| YTD Return | 26.37% | 23.99% |
| 1Y Return | 10.21% | 36.58% |
| 3Y Return (Ann) | 1.97% | 8.99% |
| 5Y Return (Ann) | 8.64% | 21.09% |
| 10Y Return (Ann) | 13.52% | 18.40% |
| Sharpe Ratio | 0.36 | 2.17 |
| Sortino Ratio | 0.67 | 2.86 |
| Omega Ratio | 1.08 | 1.39 |
| Calmar Ratio | 0.27 | 2.79 |
| Martin Ratio | 1.12 | 10.19 |
| Ulcer Index | 8.11% | 3.72% |
| Daily Std Dev | 24.94% | 17.42% |
| Max Drawdown | -47.77% | -82.98% |
| Current Drawdown | -13.17% | 0.00% |
Correlation
The correlation between FNV.TO and QQQ is 0.17, 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
FNV.TO vs. QQQ - Performance Comparison
In the year-to-date period, FNV.TO achieves a 26.37% return, which is significantly higher than QQQ's 23.99% return. Over the past 10 years, FNV.TO has underperformed QQQ with an annualized return of 13.52%, while QQQ has yielded a comparatively higher 18.40% 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
FNV.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franco-Nevada Corporation (FNV.TO) 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
FNV.TO vs. QQQ - Dividend Comparison
FNV.TO's dividend yield for the trailing twelve months is around 0.77%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV.TO Franco-Nevada Corporation | 0.77% | 0.93% | 0.69% | 0.66% | 0.65% | 0.74% | 1.32% | 0.91% | 1.08% | 1.31% | 1.36% | 1.66% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FNV.TO vs. QQQ - Drawdown Comparison
The maximum FNV.TO drawdown since its inception was -47.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNV.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
FNV.TO vs. QQQ - Volatility Comparison
Franco-Nevada Corporation (FNV.TO) has a higher volatility of 6.20% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that FNV.TO'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.