GOGO vs. QQQ
Compare and contrast key facts about Gogo Inc. (GOGO) 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: GOGO or QQQ.
Correlation
The correlation between GOGO and QQQ is 0.31, 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
GOGO vs. QQQ - Performance Comparison
Key characteristics
GOGO:
-0.24
QQQ:
1.30
GOGO:
0.03
QQQ:
1.78
GOGO:
1.00
QQQ:
1.24
GOGO:
-0.18
QQQ:
1.76
GOGO:
-0.61
QQQ:
6.08
GOGO:
23.59%
QQQ:
3.92%
GOGO:
59.53%
QQQ:
18.35%
GOGO:
-95.92%
QQQ:
-82.98%
GOGO:
-76.82%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, GOGO achieves a -1.61% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, GOGO has underperformed QQQ with an annualized return of -7.09%, while QQQ has yielded a comparatively higher 18.06% annualized return.
GOGO
-1.61%
-5.35%
3.24%
-7.87%
9.90%
-7.09%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
GOGO vs. QQQ — Risk-Adjusted Performance Rank
GOGO
QQQ
GOGO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gogo Inc. (GOGO) 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
GOGO vs. QQQ - Dividend Comparison
GOGO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGO Gogo 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 | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GOGO vs. QQQ - Drawdown Comparison
The maximum GOGO drawdown since its inception was -95.92%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOGO and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOGO vs. QQQ - Volatility Comparison
Gogo Inc. (GOGO) has a higher volatility of 16.10% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that GOGO'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.