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.
Key characteristics
| GSL | QQQ | |
|---|---|---|
| YTD Return | 26.15% | 12.91% |
| 1Y Return | 38.56% | 23.88% |
| 3Y Return (Ann) | 8.01% | 7.22% |
| 5Y Return (Ann) | 37.64% | 20.05% |
| 10Y Return (Ann) | 0.71% | 17.50% |
| Sharpe Ratio | 1.35 | 1.30 |
| Daily Std Dev | 27.30% | 17.48% |
| Max Drawdown | -94.83% | -82.98% |
| Current Drawdown | -42.22% | -8.33% |
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
In the year-to-date period, GSL achieves a 26.15% return, which is significantly higher than QQQ's 12.91% return. Over the past 10 years, GSL has underperformed QQQ with an annualized return of 0.71%, while QQQ has yielded a comparatively higher 17.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 6.61%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 6.61% | 7.55% | 8.23% | 3.26% | 0.00% | 6.19% | 0.00% | 0.00% | 0.00% | 10.78% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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) and Invesco QQQ (QQQ) have volatilities of 6.62% and 6.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.