GOOG vs. QQQ
Compare and contrast key facts about Alphabet Inc. (GOOG) 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: GOOG or QQQ.
Performance
GOOG vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, GOOG achieves a 26.14% return, which is significantly higher than QQQ's 23.40% return. Over the past 10 years, GOOG has outperformed QQQ with an annualized return of 20.87%, while QQQ has yielded a comparatively lower 18.08% annualized return.
GOOG
26.14%
6.95%
-0.13%
28.24%
22.46%
20.87%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| GOOG | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.09 | 1.71 |
| Sortino Ratio | 1.58 | 2.29 |
| Omega Ratio | 1.21 | 1.31 |
| Calmar Ratio | 1.30 | 2.19 |
| Martin Ratio | 3.27 | 7.95 |
| Ulcer Index | 8.82% | 3.73% |
| Daily Std Dev | 26.41% | 17.38% |
| Max Drawdown | -44.60% | -82.98% |
| Current Drawdown | -7.84% | -2.13% |
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Correlation
The correlation between GOOG and QQQ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GOOG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. (GOOG) 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
GOOG vs. QQQ - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.23%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc. | 0.23% | 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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GOOG vs. QQQ - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOOG and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOOG vs. QQQ - Volatility Comparison
Alphabet Inc. (GOOG) has a higher volatility of 7.92% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that GOOG'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.