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.
Performance
GCT vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, GCT achieves a 32.00% return, which is significantly higher than QQQ's 23.47% return.
GCT
32.00%
-8.52%
-23.21%
151.04%
N/A
N/A
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| GCT | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.50 | 1.80 |
| Sortino Ratio | 2.29 | 2.40 |
| Omega Ratio | 1.27 | 1.32 |
| Calmar Ratio | 1.95 | 2.31 |
| Martin Ratio | 4.94 | 8.39 |
| Ulcer Index | 31.72% | 3.73% |
| Daily Std Dev | 104.58% | 17.41% |
| Max Drawdown | -91.11% | -82.98% |
| Current Drawdown | -49.70% | -2.08% |
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Correlation
The correlation between GCT and QQQ is 0.23, 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.
Risk-Adjusted Performance
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 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 31.03% compared to Invesco QQQ (QQQ) at 5.66%. 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.