Correlation
The correlation between GGR and QQQ is 0.25, 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.
GGR vs. QQQ
Compare and contrast key facts about Gogoro Inc (GGR) 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: GGR or QQQ.
Performance
GGR vs. QQQ - Performance Comparison
Loading data...
Key characteristics
GGR:
-0.92
QQQ:
0.62
GGR:
-2.19
QQQ:
0.92
GGR:
0.76
QQQ:
1.13
GGR:
-0.84
QQQ:
0.60
GGR:
-1.30
QQQ:
1.94
GGR:
63.32%
QQQ:
7.02%
GGR:
90.08%
QQQ:
25.59%
GGR:
-98.65%
QQQ:
-82.98%
GGR:
-98.33%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, GGR achieves a -50.57% return, which is significantly lower than QQQ's 1.69% return.
GGR
-50.57%
-4.89%
-60.15%
-83.08%
-63.33%
N/A
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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
GGR vs. QQQ — Risk-Adjusted Performance Rank
GGR
QQQ
GGR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gogoro Inc (GGR) 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.
Loading data...
Dividends
GGR vs. QQQ - Dividend Comparison
GGR has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GGR Gogoro 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 | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GGR vs. QQQ - Drawdown Comparison
The maximum GGR drawdown since its inception was -98.65%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GGR and QQQ.
Loading data...
Volatility
GGR vs. QQQ - Volatility Comparison
Gogoro Inc (GGR) has a higher volatility of 18.11% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that GGR'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.
Loading data...