GME vs. QQQ
Compare and contrast key facts about GameStop Corp. (GME) 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: GME or QQQ.
Key characteristics
| GME | QQQ | |
|---|---|---|
| YTD Return | 73.70% | 8.34% |
| 1Y Return | 47.17% | 37.23% |
| 3Y Return (Ann) | -8.71% | 11.48% |
| 5Y Return (Ann) | 69.77% | 20.20% |
| 10Y Return (Ann) | 16.60% | 18.61% |
| Sharpe Ratio | 0.43 | 2.27 |
| Daily Std Dev | 106.45% | 16.23% |
| Max Drawdown | -93.43% | -82.98% |
| Current Drawdown | -64.95% | -0.74% |
Correlation
The correlation between GME and QQQ is 0.38, 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
GME vs. QQQ - Performance Comparison
In the year-to-date period, GME achieves a 73.70% return, which is significantly higher than QQQ's 8.34% return. Over the past 10 years, GME has underperformed QQQ with an annualized return of 16.60%, while QQQ has yielded a comparatively higher 18.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GME vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GameStop Corp. (GME) 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
GME vs. QQQ - Dividend Comparison
GME has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GME GameStop Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.25% | 12.04% | 8.47% | 5.86% | 5.14% | 3.91% | 2.23% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
GME vs. QQQ - Drawdown Comparison
The maximum GME drawdown since its inception was -93.43%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GME and QQQ. For additional features, visit the drawdowns tool.
Volatility
GME vs. QQQ - Volatility Comparison
GameStop Corp. (GME) has a higher volatility of 63.57% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that GME'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.