GSL vs. QQQ
Compare and contrast key facts about Global Ship Lease, Inc. (GSL) 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: GSL or QQQ.
Performance
GSL vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, GSL achieves a 25.51% return, which is significantly higher than QQQ's 22.63% return. Over the past 10 years, GSL has underperformed QQQ with an annualized return of 0.84%, while QQQ has yielded a comparatively higher 18.02% annualized return.
GSL
25.51%
-5.43%
-9.93%
42.34%
31.41%
0.84%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| GSL | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.53 | 1.75 |
| Sortino Ratio | 2.08 | 2.34 |
| Omega Ratio | 1.28 | 1.32 |
| Calmar Ratio | 0.73 | 2.25 |
| Martin Ratio | 4.25 | 8.17 |
| Ulcer Index | 10.31% | 3.73% |
| Daily Std Dev | 28.59% | 17.44% |
| Max Drawdown | -94.83% | -82.98% |
| Current Drawdown | -42.51% | -2.75% |
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Correlation
The correlation between GSL and QQQ is 0.23, 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.
Risk-Adjusted Performance
GSL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Ship Lease, Inc. (GSL) 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
GSL vs. QQQ - Dividend Comparison
GSL's dividend yield for the trailing twelve months is around 6.65%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 6.65% | 7.57% | 8.26% | 3.27% | 0.00% | 6.19% | 0.00% | 0.00% | 0.00% | 10.80% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GSL vs. QQQ - Drawdown Comparison
The maximum GSL drawdown since its inception was -94.83%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GSL and QQQ. For additional features, visit the drawdowns tool.
Volatility
GSL vs. QQQ - Volatility Comparison
Global Ship Lease, Inc. (GSL) has a higher volatility of 9.38% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that GSL'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.