HIMX vs. QQQ
Compare and contrast key facts about Himax Technologies, Inc. (HIMX) 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: HIMX or QQQ.
Key characteristics
HIMX | QQQ | |
---|---|---|
YTD Return | -16.31% | 5.81% |
1Y Return | -18.03% | 35.06% |
3Y Return (Ann) | -21.18% | 9.32% |
5Y Return (Ann) | 14.92% | 18.88% |
10Y Return (Ann) | -1.74% | 18.36% |
Sharpe Ratio | -0.53 | 2.23 |
Daily Std Dev | 32.20% | 16.14% |
Max Drawdown | -87.55% | -82.98% |
Current Drawdown | -62.02% | -3.05% |
Correlation
The correlation between HIMX and QQQ is 0.36, 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
HIMX vs. QQQ - Performance Comparison
In the year-to-date period, HIMX achieves a -16.31% return, which is significantly lower than QQQ's 5.81% return. Over the past 10 years, HIMX has underperformed QQQ with an annualized return of -1.74%, while QQQ has yielded a comparatively higher 18.36% 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
HIMX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Himax Technologies, Inc. (HIMX) 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
HIMX vs. QQQ - Dividend Comparison
HIMX's dividend yield for the trailing twelve months is around 9.45%, more than QQQ's 0.61% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Himax Technologies, Inc. | 9.45% | 7.91% | 20.13% | 1.70% | 0.00% | 0.00% | 2.92% | 2.30% | 2.15% | 3.66% | 3.35% | 1.70% |
Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
HIMX vs. QQQ - Drawdown Comparison
The maximum HIMX drawdown since its inception was -87.55%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HIMX and QQQ. For additional features, visit the drawdowns tool.
Volatility
HIMX vs. QQQ - Volatility Comparison
Himax Technologies, Inc. (HIMX) has a higher volatility of 7.86% compared to Invesco QQQ (QQQ) at 5.15%. This indicates that HIMX'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.