Correlation
The correlation between GRND and QQQM is 0.21, 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.
GRND vs. QQQM
Compare and contrast key facts about Grindr Inc (GRND) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRND or QQQM.
Performance
GRND vs. QQQM - Performance Comparison
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Key characteristics
GRND:
3.66
QQQM:
0.63
GRND:
4.09
QQQM:
0.93
GRND:
1.59
QQQM:
1.13
GRND:
2.18
QQQM:
0.60
GRND:
32.21
QQQM:
1.95
GRND:
5.08%
QQQM:
7.01%
GRND:
43.81%
QQQM:
25.29%
GRND:
-87.26%
QQQM:
-35.05%
GRND:
-33.10%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, GRND achieves a 36.88% return, which is significantly higher than QQQM's 1.73% return.
GRND
36.88%
11.15%
61.83%
158.69%
33.47%
N/A
N/A
QQQM
1.73%
9.14%
2.19%
15.73%
19.83%
N/A
N/A
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Risk-Adjusted Performance
GRND vs. QQQM — Risk-Adjusted Performance Rank
GRND
QQQM
GRND vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grindr Inc (GRND) and Invesco NASDAQ 100 ETF (QQQM). 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.
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Dividends
GRND vs. QQQM - Dividend Comparison
GRND has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.58%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
GRND Grindr Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
GRND vs. QQQM - Drawdown Comparison
The maximum GRND drawdown since its inception was -87.26%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for GRND and QQQM.
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Volatility
GRND vs. QQQM - Volatility Comparison
Grindr Inc (GRND) has a higher volatility of 8.24% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.59%. This indicates that GRND's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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