HBI vs. QQQ
Compare and contrast key facts about Hanesbrands Inc. (HBI) 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: HBI or QQQ.
Performance
HBI vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, HBI achieves a 85.20% return, which is significantly higher than QQQ's 22.63% return. Over the past 10 years, HBI has underperformed QQQ with an annualized return of -8.99%, while QQQ has yielded a comparatively higher 18.02% annualized return.
HBI
85.20%
10.28%
70.66%
101.46%
-8.79%
-8.99%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| HBI | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.75 | 1.75 |
| Sortino Ratio | 2.53 | 2.34 |
| Omega Ratio | 1.31 | 1.32 |
| Calmar Ratio | 1.14 | 2.25 |
| Martin Ratio | 10.08 | 8.17 |
| Ulcer Index | 9.73% | 3.73% |
| Daily Std Dev | 56.11% | 17.44% |
| Max Drawdown | -86.52% | -82.98% |
| Current Drawdown | -68.82% | -2.75% |
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Correlation
The correlation between HBI and QQQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HBI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hanesbrands Inc. (HBI) 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
HBI vs. QQQ - Dividend Comparison
HBI has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBI Hanesbrands Inc. | 0.00% | 0.00% | 9.43% | 3.59% | 4.12% | 4.04% | 4.79% | 2.87% | 2.04% | 1.36% | 1.08% | 0.85% |
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
HBI vs. QQQ - Drawdown Comparison
The maximum HBI drawdown since its inception was -86.52%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HBI and QQQ. For additional features, visit the drawdowns tool.
Volatility
HBI vs. QQQ - Volatility Comparison
Hanesbrands Inc. (HBI) has a higher volatility of 20.12% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that HBI'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.