FSCO vs. QQQ
Compare and contrast key facts about FS Credit Opportunities Corp. (FSCO) 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: FSCO or QQQ.
Key characteristics
| FSCO | QQQ | |
|---|---|---|
| YTD Return | 28.39% | 25.94% |
| 1Y Return | 29.60% | 38.64% |
| Sharpe Ratio | 1.89 | 2.22 |
| Sortino Ratio | 2.67 | 2.91 |
| Omega Ratio | 1.35 | 1.40 |
| Calmar Ratio | 3.47 | 2.86 |
| Martin Ratio | 12.48 | 10.42 |
| Ulcer Index | 2.45% | 3.72% |
| Daily Std Dev | 16.11% | 17.47% |
| Max Drawdown | -25.11% | -82.98% |
| Current Drawdown | -0.90% | 0.00% |
Correlation
The correlation between FSCO and QQQ is 0.26, 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
FSCO vs. QQQ - Performance Comparison
In the year-to-date period, FSCO achieves a 28.39% return, which is significantly higher than QQQ's 25.94% 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
FSCO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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
FSCO vs. QQQ - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 10.71%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 10.71% | 11.22% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FSCO vs. QQQ - Drawdown Comparison
The maximum FSCO drawdown since its inception was -25.11%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FSCO and QQQ. For additional features, visit the drawdowns tool.
Volatility
FSCO vs. QQQ - Volatility Comparison
The current volatility for FS Credit Opportunities Corp. (FSCO) is 2.26%, while Invesco QQQ (QQQ) has a volatility of 5.18%. This indicates that FSCO 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.