HWX.TO vs. QQQM
Compare and contrast key facts about Headwater Exploration Inc. (HWX.TO) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HWX.TO or QQQM.
Correlation
The correlation between HWX.TO and QQQM is 0.20, 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
HWX.TO vs. QQQM - Performance Comparison
Key characteristics
HWX.TO:
0.36
QQQM:
1.41
HWX.TO:
0.68
QQQM:
1.91
HWX.TO:
1.08
QQQM:
1.26
HWX.TO:
0.24
QQQM:
1.89
HWX.TO:
0.65
QQQM:
6.54
HWX.TO:
15.32%
QQQM:
3.91%
HWX.TO:
27.72%
QQQM:
18.17%
HWX.TO:
-97.00%
QQQM:
-35.05%
HWX.TO:
-35.57%
QQQM:
-0.41%
Returns By Period
In the year-to-date period, HWX.TO achieves a 3.63% return, which is significantly lower than QQQM's 5.10% return.
HWX.TO
3.63%
-3.39%
2.96%
8.65%
43.09%
23.98%
QQQM
5.10%
2.35%
13.51%
27.08%
N/A
N/A
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Risk-Adjusted Performance
HWX.TO vs. QQQM — Risk-Adjusted Performance Rank
HWX.TO
QQQM
HWX.TO vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Headwater Exploration Inc. (HWX.TO) and Invesco NASDAQ 100 ETF (QQQM). 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
HWX.TO vs. QQQM - Dividend Comparison
HWX.TO's dividend yield for the trailing twelve months is around 4.38%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
HWX.TO Headwater Exploration Inc. | 4.38% | 4.54% | 6.40% | 1.69% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
HWX.TO vs. QQQM - Drawdown Comparison
The maximum HWX.TO drawdown since its inception was -97.00%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for HWX.TO and QQQM. For additional features, visit the drawdowns tool.
Volatility
HWX.TO vs. QQQM - Volatility Comparison
Headwater Exploration Inc. (HWX.TO) has a higher volatility of 7.88% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.66%. This indicates that HWX.TO's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.