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 0.35, 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:
-0.73
QQQ:
0.47
GOGL:
-0.83
QQQ:
0.82
GOGL:
0.88
QQQ:
1.11
GOGL:
-0.42
QQQ:
0.52
GOGL:
-1.23
QQQ:
1.79
GOGL:
29.21%
QQQ:
6.64%
GOGL:
48.91%
QQQ:
25.28%
GOGL:
-96.87%
QQQ:
-82.98%
GOGL:
-82.14%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, GOGL achieves a -11.67% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, GOGL has underperformed QQQ with an annualized return of -3.93%, while QQQ has yielded a comparatively higher 16.72% annualized return.
GOGL
-11.67%
-4.55%
-24.69%
-38.90%
31.43%
-3.93%
QQQ
-7.43%
-1.88%
-4.30%
10.31%
17.80%
16.72%
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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 13.51%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGL Golden Ocean Group Limited | 13.51% | 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 | 0.63% | 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 32.53% compared to Invesco QQQ (QQQ) at 16.86%. 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.