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:
0.42
QQQ:
1.38
GEHC:
0.74
QQQ:
1.88
GEHC:
1.11
QQQ:
1.25
GEHC:
0.57
QQQ:
1.86
GEHC:
1.07
QQQ:
6.43
GEHC:
10.87%
QQQ:
3.92%
GEHC:
27.42%
QQQ:
18.27%
GEHC:
-28.04%
QQQ:
-82.98%
GEHC:
-1.18%
QQQ:
0.00%
Returns By Period
In the year-to-date period, GEHC achieves a 18.58% return, which is significantly higher than QQQ's 5.50% return.
GEHC
18.58%
9.36%
10.48%
7.89%
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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
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 0.13%, less than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.13% | 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 | 0.53% | 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 -28.04%, 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 9.99% compared to Invesco QQQ (QQQ) at 4.92%. 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.