IR vs. QQQ
Compare and contrast key facts about Ingersoll-Rand Plc (IR) 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: IR or QQQ.
Performance
IR vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IR achieves a 33.43% return, which is significantly higher than QQQ's 23.40% return.
IR
33.43%
3.10%
7.14%
46.30%
26.71%
N/A
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| IR | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.81 | 1.71 |
| Sortino Ratio | 2.27 | 2.29 |
| Omega Ratio | 1.32 | 1.31 |
| Calmar Ratio | 3.45 | 2.19 |
| Martin Ratio | 9.52 | 7.95 |
| Ulcer Index | 4.89% | 3.73% |
| Daily Std Dev | 25.70% | 17.38% |
| Max Drawdown | -49.12% | -82.98% |
| Current Drawdown | -1.59% | -2.13% |
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Correlation
The correlation between IR and QQQ is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ingersoll-Rand Plc (IR) 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
IR vs. QQQ - Dividend Comparison
IR's dividend yield for the trailing twelve months is around 0.08%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IR Ingersoll-Rand Plc | 0.08% | 0.10% | 0.15% | 0.03% | 2.33% | 5.78% | 9.58% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IR vs. QQQ - Drawdown Comparison
The maximum IR drawdown since its inception was -49.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IR and QQQ. For additional features, visit the drawdowns tool.
Volatility
IR vs. QQQ - Volatility Comparison
Ingersoll-Rand Plc (IR) has a higher volatility of 7.88% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that IR'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.