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:
-0.12
QQQ:
1.30
GOGL:
0.08
QQQ:
1.78
GOGL:
1.01
QQQ:
1.24
GOGL:
-0.05
QQQ:
1.76
GOGL:
-0.18
QQQ:
6.08
GOGL:
22.61%
QQQ:
3.92%
GOGL:
35.12%
QQQ:
18.35%
GOGL:
-96.87%
QQQ:
-82.98%
GOGL:
-78.72%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, GOGL achieves a 5.25% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, GOGL has underperformed QQQ with an annualized return of -0.99%, while QQQ has yielded a comparatively higher 18.06% annualized return.
GOGL
5.25%
6.31%
-18.24%
-9.02%
29.54%
-0.99%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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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 12.73%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGL Golden Ocean Group Limited | 12.73% | 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 | 0.54% | 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 9.18% compared to Invesco QQQ (QQQ) at 5.02%. 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.