FOXA vs. QQQ
Compare and contrast key facts about Fox Corporation (FOXA) 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: FOXA or QQQ.
Key characteristics
| FOXA | QQQ | |
|---|---|---|
| YTD Return | 9.20% | 6.48% |
| 1Y Return | 4.81% | 38.66% |
| 3Y Return (Ann) | -3.00% | 10.38% |
| 5Y Return (Ann) | -1.52% | 18.72% |
| Sharpe Ratio | -0.01 | 2.33 |
| Daily Std Dev | 23.22% | 16.36% |
| Max Drawdown | -50.55% | -82.98% |
| Current Drawdown | -24.27% | -2.44% |
Correlation
The correlation between FOXA 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
FOXA vs. QQQ - Performance Comparison
In the year-to-date period, FOXA achieves a 9.20% return, which is significantly higher than QQQ's 6.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FOXA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fox Corporation (FOXA) 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
FOXA vs. QQQ - Dividend Comparison
FOXA's dividend yield for the trailing twelve months is around 1.62%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOXA Fox Corporation | 1.62% | 1.72% | 1.61% | 1.27% | 1.58% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FOXA vs. QQQ - Drawdown Comparison
The maximum FOXA drawdown since its inception was -50.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FOXA and QQQ. For additional features, visit the drawdowns tool.
Volatility
FOXA vs. QQQ - Volatility Comparison
The current volatility for Fox Corporation (FOXA) is 5.13%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that FOXA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.