HL vs. QQQ
Compare and contrast key facts about Hecla Mining Company (HL) 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: HL or QQQ.
Key characteristics
| HL | QQQ | |
|---|---|---|
| YTD Return | 16.99% | 24.75% |
| 1Y Return | 32.89% | 32.82% |
| 3Y Return (Ann) | -3.31% | 9.58% |
| 5Y Return (Ann) | 19.21% | 21.02% |
| 10Y Return (Ann) | 8.71% | 18.32% |
| Sharpe Ratio | 0.61 | 1.91 |
| Sortino Ratio | 1.25 | 2.55 |
| Omega Ratio | 1.14 | 1.35 |
| Calmar Ratio | 0.39 | 2.43 |
| Martin Ratio | 2.21 | 8.85 |
| Ulcer Index | 14.87% | 3.72% |
| Daily Std Dev | 53.82% | 17.21% |
| Max Drawdown | -97.96% | -82.98% |
| Current Drawdown | -75.62% | -1.06% |
Correlation
The correlation between HL and QQQ is 0.18, 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
HL vs. QQQ - Performance Comparison
In the year-to-date period, HL achieves a 16.99% return, which is significantly lower than QQQ's 24.75% return. Over the past 10 years, HL has underperformed QQQ with an annualized return of 8.71%, while QQQ has yielded a comparatively higher 18.32% 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
HL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) 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
HL vs. QQQ - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.57%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.57% | 0.50% | 0.40% | 0.71% | 0.28% | 0.35% | 0.51% | 0.30% | 0.28% | 0.63% | 0.43% | 0.71% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
HL vs. QQQ - Drawdown Comparison
The maximum HL drawdown since its inception was -97.96%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HL and QQQ. For additional features, visit the drawdowns tool.
Volatility
HL vs. QQQ - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 15.04% compared to Invesco QQQ (QQQ) at 4.99%. This indicates that HL'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.