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.
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
Key characteristics
HTHIY:
1.90
QQQ:
1.69
HTHIY:
2.40
QQQ:
2.25
HTHIY:
1.34
QQQ:
1.30
HTHIY:
3.60
QQQ:
2.26
HTHIY:
13.29
QQQ:
8.06
HTHIY:
6.02%
QQQ:
3.80%
HTHIY:
42.18%
QQQ:
18.07%
HTHIY:
-83.83%
QQQ:
-82.98%
HTHIY:
-8.88%
QQQ:
-4.12%
Returns By Period
In the year-to-date period, HTHIY achieves a 2.75% return, which is significantly higher than QQQ's 0.77% return. Over the past 10 years, HTHIY has outperformed QQQ with an annualized return of 22.58%, while QQQ has yielded a comparatively lower 18.49% annualized return.
HTHIY
2.75%
-6.22%
6.71%
79.73%
31.45%
22.58%
QQQ
0.77%
-1.99%
3.81%
27.98%
19.49%
18.49%
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Risk-Adjusted Performance
HTHIY vs. QQQ — Risk-Adjusted Performance Rank
HTHIY
QQQ
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 0.51%, less than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTHIY Hitachi Ltd ADR | 0.51% | 0.52% | 1.49% | 1.98% | 5.60% | 11.92% | 10.22% | 13.45% | 8.07% | 9.93% | 8.43% | 6.96% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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) and Invesco QQQ (QQQ) have volatilities of 6.28% and 6.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.