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.
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
Key characteristics
HIMX:
0.24
QQQ:
-0.18
HIMX:
1.03
QQQ:
-0.10
HIMX:
1.14
QQQ:
0.99
HIMX:
0.31
QQQ:
-0.18
HIMX:
0.82
QQQ:
-0.70
HIMX:
24.12%
QQQ:
5.41%
HIMX:
82.07%
QQQ:
21.28%
HIMX:
-87.55%
QQQ:
-82.98%
HIMX:
-51.58%
QQQ:
-21.54%
Returns By Period
In the year-to-date period, HIMX achieves a -22.26% return, which is significantly lower than QQQ's -17.20% return. Over the past 10 years, HIMX has underperformed QQQ with an annualized return of 3.78%, while QQQ has yielded a comparatively higher 15.79% annualized return.
HIMX
-22.26%
-37.56%
10.42%
21.04%
24.17%
3.78%
QQQ
-17.20%
-15.68%
-13.00%
-2.32%
18.97%
15.79%
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Risk-Adjusted Performance
HIMX vs. QQQ — Risk-Adjusted Performance Rank
HIMX
QQQ
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 4.64%, more than QQQ's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMX Himax Technologies, Inc. | 4.64% | 3.61% | 7.91% | 20.13% | 1.70% | 0.00% | 0.00% | 2.92% | 2.30% | 2.15% | 3.66% | 3.35% |
QQQ Invesco QQQ | 0.71% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 21.50% compared to Invesco QQQ (QQQ) at 10.78%. 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.