GCT vs. QQQ
Compare and contrast key facts about GigaCloud Technology Inc (GCT) 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: GCT or QQQ.
Correlation
The correlation between GCT and QQQ is 0.29, 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
GCT vs. QQQ - Performance Comparison
Key characteristics
GCT:
-0.86
QQQ:
0.47
GCT:
-1.44
QQQ:
0.82
GCT:
0.85
QQQ:
1.11
GCT:
-0.84
QQQ:
0.52
GCT:
-1.39
QQQ:
1.79
GCT:
46.15%
QQQ:
6.64%
GCT:
74.10%
QQQ:
25.28%
GCT:
-91.11%
QQQ:
-82.98%
GCT:
-72.26%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, GCT achieves a -28.08% return, which is significantly lower than QQQ's -7.43% return.
GCT
-28.08%
-16.33%
-44.89%
-62.32%
N/A
N/A
QQQ
-7.43%
-1.88%
-4.30%
10.31%
17.80%
16.72%
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Risk-Adjusted Performance
GCT vs. QQQ — Risk-Adjusted Performance Rank
GCT
QQQ
GCT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GigaCloud Technology Inc (GCT) 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
GCT vs. QQQ - Dividend Comparison
GCT 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCT GigaCloud Technology Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GCT vs. QQQ - Drawdown Comparison
The maximum GCT drawdown since its inception was -91.11%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GCT and QQQ. For additional features, visit the drawdowns tool.
Volatility
GCT vs. QQQ - Volatility Comparison
GigaCloud Technology Inc (GCT) has a higher volatility of 24.68% compared to Invesco QQQ (QQQ) at 16.86%. This indicates that GCT'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.