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 0.38, 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:
0.14
QQQ:
0.26
HCA:
0.37
QQQ:
0.55
HCA:
1.05
QQQ:
1.07
HCA:
0.14
QQQ:
0.28
HCA:
0.27
QQQ:
1.10
HCA:
14.80%
QQQ:
5.82%
HCA:
28.07%
QQQ:
24.42%
HCA:
-54.74%
QQQ:
-82.98%
HCA:
-18.18%
QQQ:
-13.50%
Returns By Period
In the year-to-date period, HCA achieves a 13.04% return, which is significantly higher than QQQ's -8.71% return. Both investments have delivered pretty close results over the past 10 years, with HCA having a 16.60% annualized return and QQQ not far ahead at 16.71%.
HCA
13.04%
0.93%
-12.00%
3.76%
26.77%
16.60%
QQQ
-8.71%
-1.28%
-5.21%
6.02%
19.14%
16.71%
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Risk-Adjusted Performance
HCA vs. QQQ — Risk-Adjusted Performance Rank
HCA
QQQ
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 0.80%, more than QQQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.80% | 0.88% | 0.89% | 0.93% | 0.75% | 0.47% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.64% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 8.15%, while Invesco QQQ (QQQ) has a volatility of 15.74%. 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.