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.
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.
Performance
GOOG vs. QQQ - Performance Comparison
Key characteristics
GOOG:
1.40
QQQ:
1.64
GOOG:
1.93
QQQ:
2.19
GOOG:
1.26
QQQ:
1.30
GOOG:
1.74
QQQ:
2.16
GOOG:
4.26
QQQ:
7.79
GOOG:
9.07%
QQQ:
3.76%
GOOG:
27.64%
QQQ:
17.85%
GOOG:
-44.60%
QQQ:
-82.98%
GOOG:
-2.62%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, GOOG achieves a 37.41% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, GOOG has outperformed QQQ with an annualized return of 22.07%, while QQQ has yielded a comparatively lower 18.36% annualized return.
GOOG
37.41%
8.94%
7.31%
36.57%
23.51%
22.07%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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's dividend yield for the trailing twelve months is around 0.31%, less than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc. | 0.31% | 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 | 0.43% | 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 11.21% compared to Invesco QQQ (QQQ) at 5.29%. 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.