HCA vs. QQQ
Compare and contrast key facts about HCA Healthcare, Inc. (HCA) 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: HCA or QQQ.
Correlation
The correlation between HCA and QQQ is 0.39, 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
HCA vs. QQQ - Performance Comparison
Key characteristics
HCA:
0.66
QQQ:
1.64
HCA:
0.99
QQQ:
2.19
HCA:
1.14
QQQ:
1.30
HCA:
0.57
QQQ:
2.16
HCA:
1.89
QQQ:
7.79
HCA:
8.53%
QQQ:
3.76%
HCA:
24.53%
QQQ:
17.85%
HCA:
-54.74%
QQQ:
-82.98%
HCA:
-26.78%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, HCA achieves a 13.05% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, HCA has underperformed QQQ with an annualized return of 15.80%, while QQQ has yielded a comparatively higher 18.36% annualized return.
HCA
13.05%
-8.63%
-10.08%
13.86%
16.52%
15.80%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
HCA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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
HCA vs. QQQ - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.87%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.87% | 0.89% | 0.93% | 0.75% | 0.47% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% | 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
HCA vs. QQQ - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HCA and QQQ. For additional features, visit the drawdowns tool.
Volatility
HCA vs. QQQ - Volatility Comparison
The current volatility for HCA Healthcare, Inc. (HCA) is 4.94%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that HCA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.