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.
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.
Performance
GSL vs. QQQ - Performance Comparison
Key characteristics
GSL:
0.70
QQQ:
1.30
GSL:
1.12
QQQ:
1.78
GSL:
1.14
QQQ:
1.24
GSL:
0.36
QQQ:
1.76
GSL:
1.25
QQQ:
6.08
GSL:
15.80%
QQQ:
3.92%
GSL:
28.27%
QQQ:
18.35%
GSL:
-94.83%
QQQ:
-82.98%
GSL:
-43.81%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, GSL achieves a 3.80% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, GSL has underperformed QQQ with an annualized return of -2.46%, while QQQ has yielded a comparatively higher 18.10% annualized return.
GSL
3.80%
5.74%
-8.02%
19.06%
31.99%
-2.46%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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Risk-Adjusted Performance
GSL vs. QQQ — Risk-Adjusted Performance Rank
GSL
QQQ
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 5.63%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 5.63% | 7.56% | 7.57% | 8.26% | 3.27% | 0.00% | 6.19% | 0.00% | 0.00% | 0.00% | 10.80% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 5.59% compared to Invesco QQQ (QQQ) at 5.02%. 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.