HTHIY vs. QQQ
Compare and contrast key facts about Hitachi Ltd ADR (HTHIY) 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: HTHIY or QQQ.
Key characteristics
| HTHIY | QQQ | |
|---|---|---|
| YTD Return | 85.69% | 26.02% |
| 1Y Return | 105.01% | 36.73% |
| 3Y Return (Ann) | 29.77% | 9.97% |
| 5Y Return (Ann) | 35.36% | 21.44% |
| 10Y Return (Ann) | 22.86% | 18.42% |
| Sharpe Ratio | 2.58 | 2.28 |
| Sortino Ratio | 2.97 | 2.98 |
| Omega Ratio | 1.44 | 1.41 |
| Calmar Ratio | 4.79 | 2.94 |
| Martin Ratio | 22.02 | 10.71 |
| Ulcer Index | 4.84% | 3.72% |
| Daily Std Dev | 41.48% | 17.35% |
| Max Drawdown | -83.83% | -82.98% |
| Current Drawdown | -4.61% | -0.06% |
Correlation
The correlation between HTHIY and QQQ is 0.31, 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
HTHIY vs. QQQ - Performance Comparison
In the year-to-date period, HTHIY achieves a 85.69% return, which is significantly higher than QQQ's 26.02% return. Over the past 10 years, HTHIY has outperformed QQQ with an annualized return of 22.86%, while QQQ has yielded a comparatively lower 18.42% 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
HTHIY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hitachi Ltd ADR (HTHIY) 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
HTHIY vs. QQQ - Dividend Comparison
HTHIY's dividend yield for the trailing twelve months is around 0.49%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTHIY Hitachi Ltd ADR | 0.49% | 1.49% | 1.98% | 5.60% | 11.92% | 10.22% | 13.45% | 8.07% | 9.93% | 8.43% | 6.96% | 10.06% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
HTHIY vs. QQQ - Drawdown Comparison
The maximum HTHIY drawdown since its inception was -83.83%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HTHIY and QQQ. For additional features, visit the drawdowns tool.
Volatility
HTHIY vs. QQQ - Volatility Comparison
Hitachi Ltd ADR (HTHIY) has a higher volatility of 13.61% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that HTHIY'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.