GEHC vs. QQQ
Compare and contrast key facts about GE HealthCare Technologies Inc. (GEHC) 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: GEHC or QQQ.
Correlation
The correlation between GEHC and QQQ is 0.39, 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
GEHC vs. QQQ - Performance Comparison
Key characteristics
GEHC:
-0.98
QQQ:
-0.18
GEHC:
-1.20
QQQ:
-0.10
GEHC:
0.81
QQQ:
0.99
GEHC:
-0.90
QQQ:
-0.18
GEHC:
-3.32
QQQ:
-0.70
GEHC:
9.63%
QQQ:
5.41%
GEHC:
32.61%
QQQ:
21.28%
GEHC:
-35.48%
QQQ:
-82.98%
GEHC:
-35.48%
QQQ:
-21.54%
Returns By Period
In the year-to-date period, GEHC achieves a -22.57% return, which is significantly lower than QQQ's -17.20% return.
GEHC
-22.57%
-28.61%
-33.76%
-31.11%
N/A
N/A
QQQ
-17.20%
-15.68%
-13.00%
-2.32%
18.97%
15.79%
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Risk-Adjusted Performance
GEHC vs. QQQ — Risk-Adjusted Performance Rank
GEHC
QQQ
GEHC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GE HealthCare Technologies Inc. (GEHC) 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
GEHC vs. QQQ - Dividend Comparison
GEHC's dividend yield for the trailing twelve months is around 0.21%, less than QQQ's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.21% | 0.15% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.71% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GEHC vs. QQQ - Drawdown Comparison
The maximum GEHC drawdown since its inception was -35.48%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GEHC and QQQ. For additional features, visit the drawdowns tool.
Volatility
GEHC vs. QQQ - Volatility Comparison
GE HealthCare Technologies Inc. (GEHC) has a higher volatility of 19.72% compared to Invesco QQQ (QQQ) at 10.78%. This indicates that GEHC'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.