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.
Correlation
The correlation between HL and QQQ is 0.19, 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
Key characteristics
HL:
-0.24
QQQ:
-0.18
HL:
0.02
QQQ:
-0.10
HL:
1.00
QQQ:
0.99
HL:
-0.16
QQQ:
-0.18
HL:
-0.68
QQQ:
-0.70
HL:
19.18%
QQQ:
5.41%
HL:
54.47%
QQQ:
21.28%
HL:
-97.96%
QQQ:
-82.98%
HL:
-79.27%
QQQ:
-21.54%
Returns By Period
In the year-to-date period, HL achieves a -3.80% return, which is significantly higher than QQQ's -17.20% return. Over the past 10 years, HL has underperformed QQQ with an annualized return of 4.49%, while QQQ has yielded a comparatively higher 15.79% annualized return.
HL
-3.80%
-14.12%
-28.25%
-10.70%
23.36%
4.49%
QQQ
-17.20%
-15.68%
-13.00%
-2.32%
18.97%
15.79%
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Risk-Adjusted Performance
HL vs. QQQ — Risk-Adjusted Performance Rank
HL
QQQ
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 0.81%, more than QQQ's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.81% | 0.81% | 0.50% | 0.40% | 0.71% | 0.28% | 0.35% | 0.51% | 0.30% | 0.28% | 0.63% | 0.43% |
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
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 17.48% compared to Invesco QQQ (QQQ) at 10.78%. 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.