GFS vs. QQQ
Compare and contrast key facts about GLOBALFOUNDRIES Inc. (GFS) 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: GFS or QQQ.
Correlation
The correlation between GFS and QQQ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GFS vs. QQQ - Performance Comparison
Key characteristics
GFS:
-0.36
QQQ:
1.37
GFS:
-0.27
QQQ:
1.86
GFS:
0.97
QQQ:
1.25
GFS:
-0.29
QQQ:
1.84
GFS:
-0.72
QQQ:
6.35
GFS:
21.68%
QQQ:
3.92%
GFS:
44.06%
QQQ:
18.24%
GFS:
-54.38%
QQQ:
-82.98%
GFS:
-41.99%
QQQ:
0.00%
Returns By Period
In the year-to-date period, GFS achieves a 6.71% return, which is significantly higher than QQQ's 5.53% return.
GFS
6.71%
6.24%
-0.59%
-15.98%
N/A
N/A
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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Risk-Adjusted Performance
GFS vs. QQQ — Risk-Adjusted Performance Rank
GFS
QQQ
GFS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GLOBALFOUNDRIES Inc. (GFS) 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
GFS vs. QQQ - Dividend Comparison
GFS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFS GLOBALFOUNDRIES 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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GFS vs. QQQ - Drawdown Comparison
The maximum GFS drawdown since its inception was -54.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GFS and QQQ. For additional features, visit the drawdowns tool.
Volatility
GFS vs. QQQ - Volatility Comparison
GLOBALFOUNDRIES Inc. (GFS) has a higher volatility of 14.00% compared to Invesco QQQ (QQQ) at 4.69%. This indicates that GFS'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.