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.
Key characteristics
| GOOG | QQQ | |
|---|---|---|
| YTD Return | 12.08% | 2.41% |
| 1Y Return | 49.14% | 33.17% |
| 3Y Return (Ann) | 10.96% | 7.97% |
| 5Y Return (Ann) | 20.31% | 18.00% |
| 10Y Return (Ann) | 19.94% | 18.15% |
| Sharpe Ratio | 1.82 | 2.04 |
| Daily Std Dev | 27.04% | 16.36% |
| Max Drawdown | -44.60% | -82.98% |
| Current Drawdown | -1.77% | -6.17% |
Correlation
The correlation between GOOG and QQQ is 0.78, 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.
Performance
GOOG vs. QQQ - Performance Comparison
In the year-to-date period, GOOG achieves a 12.08% return, which is significantly higher than QQQ's 2.41% return. Over the past 10 years, GOOG has outperformed QQQ with an annualized return of 19.94%, while QQQ has yielded a comparatively lower 18.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet 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 | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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 6.16% compared to Invesco QQQ (QQQ) at 4.48%. 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.