GSY.TO vs. QQQ
Compare and contrast key facts about goeasy Ltd. (GSY.TO) 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: GSY.TO or QQQ.
Correlation
The correlation between GSY.TO and QQQ is 0.20, 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
GSY.TO vs. QQQ - Performance Comparison
Key characteristics
GSY.TO:
0.18
QQQ:
1.71
GSY.TO:
0.47
QQQ:
2.27
GSY.TO:
1.06
QQQ:
1.31
GSY.TO:
0.24
QQQ:
2.26
GSY.TO:
0.61
QQQ:
8.12
GSY.TO:
9.78%
QQQ:
3.77%
GSY.TO:
33.03%
QQQ:
17.88%
GSY.TO:
-96.30%
QQQ:
-82.98%
GSY.TO:
-18.60%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, GSY.TO achieves a 7.00% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, GSY.TO has outperformed QQQ with an annualized return of 26.65%, while QQQ has yielded a comparatively lower 18.54% annualized return.
GSY.TO
7.00%
-3.35%
-12.51%
5.97%
21.85%
26.65%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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Risk-Adjusted Performance
GSY.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for goeasy Ltd. (GSY.TO) 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
GSY.TO vs. QQQ - Dividend Comparison
GSY.TO's dividend yield for the trailing twelve months is around 2.70%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY.TO goeasy Ltd. | 2.70% | 2.43% | 3.42% | 1.47% | 1.86% | 1.78% | 2.52% | 1.94% | 2.05% | 2.11% | 1.69% | 1.97% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GSY.TO vs. QQQ - Drawdown Comparison
The maximum GSY.TO drawdown since its inception was -96.30%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GSY.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
GSY.TO vs. QQQ - Volatility Comparison
goeasy Ltd. (GSY.TO) has a higher volatility of 7.02% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that GSY.TO'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.