GOGL vs. QQQ
Compare and contrast key facts about Golden Ocean Group Limited (GOGL) 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: GOGL or QQQ.
Correlation
The correlation between GOGL and QQQ is 0.28, 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
GOGL vs. QQQ - Performance Comparison
Key characteristics
GOGL:
-0.75
QQQ:
0.14
GOGL:
-0.87
QQQ:
0.31
GOGL:
0.89
QQQ:
1.04
GOGL:
-0.36
QQQ:
0.17
GOGL:
-1.11
QQQ:
0.53
GOGL:
26.56%
QQQ:
5.24%
GOGL:
39.43%
QQQ:
20.34%
GOGL:
-96.87%
QQQ:
-82.98%
GOGL:
-81.42%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, GOGL achieves a -8.15% return, which is significantly higher than QQQ's -11.72% return. Over the past 10 years, GOGL has underperformed QQQ with an annualized return of -2.84%, while QQQ has yielded a comparatively higher 16.52% annualized return.
GOGL
-8.15%
-18.19%
-34.49%
-32.01%
37.39%
-2.84%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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Risk-Adjusted Performance
GOGL vs. QQQ — Risk-Adjusted Performance Rank
GOGL
QQQ
GOGL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Golden Ocean Group Limited (GOGL) 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
GOGL vs. QQQ - Dividend Comparison
GOGL's dividend yield for the trailing twelve months is around 13.00%, more than QQQ's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGL Golden Ocean Group Limited | 13.00% | 13.39% | 5.12% | 27.04% | 17.20% | 1.08% | 5.60% | 7.32% | 0.00% | 0.00% | 0.00% | 15.34% |
QQQ Invesco QQQ | 0.66% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GOGL vs. QQQ - Drawdown Comparison
The maximum GOGL drawdown since its inception was -96.87%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOGL and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOGL vs. QQQ - Volatility Comparison
Golden Ocean Group Limited (GOGL) has a higher volatility of 14.31% compared to Invesco QQQ (QQQ) at 9.26%. This indicates that GOGL'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.