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:
0.58
QQQ:
1.54
GSL:
0.98
QQQ:
2.06
GSL:
1.12
QQQ:
1.28
GSL:
0.30
QQQ:
2.03
GSL:
1.31
QQQ:
7.34
GSL:
12.57%
QQQ:
3.75%
GSL:
28.48%
QQQ:
17.90%
GSL:
-94.83%
QQQ:
-82.98%
GSL:
-47.41%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, GSL achieves a 14.74% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, GSL has underperformed QQQ with an annualized return of -1.25%, while QQQ has yielded a comparatively higher 18.30% annualized return.
GSL
14.74%
-8.32%
-24.59%
18.57%
25.24%
-1.25%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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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 7.78%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 7.78% | 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 | 0.43% | 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 6.22% compared to Invesco QQQ (QQQ) at 5.21%. 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.