Correlation
The correlation between QQQ and GRND 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.
QQQ vs. GRND
Compare and contrast key facts about Invesco QQQ (QQQ) and Grindr Inc (GRND).
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: QQQ or GRND.
Performance
QQQ vs. GRND - Performance Comparison
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Key characteristics
QQQ:
0.62
GRND:
3.66
QQQ:
0.92
GRND:
4.09
QQQ:
1.13
GRND:
1.59
QQQ:
0.60
GRND:
2.18
QQQ:
1.94
GRND:
32.21
QQQ:
7.02%
GRND:
5.08%
QQQ:
25.59%
GRND:
43.81%
QQQ:
-82.98%
GRND:
-87.26%
QQQ:
-3.64%
GRND:
-33.10%
Returns By Period
In the year-to-date period, QQQ achieves a 1.69% return, which is significantly lower than GRND's 36.88% return.
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
GRND
36.88%
11.15%
61.83%
158.69%
33.47%
N/A
N/A
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Risk-Adjusted Performance
QQQ vs. GRND — Risk-Adjusted Performance Rank
QQQ
GRND
QQQ vs. GRND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and Grindr Inc (GRND). 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
QQQ vs. GRND - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.58%, while GRND has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
GRND Grindr 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% |
Drawdowns
QQQ vs. GRND - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum GRND drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for QQQ and GRND.
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Volatility
QQQ vs. GRND - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 5.62%, while Grindr Inc (GRND) has a volatility of 8.24%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than GRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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