JNJ vs. QQQ
Compare and contrast key facts about Johnson & Johnson (JNJ) 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: JNJ or QQQ.
Key characteristics
| JNJ | QQQ | |
|---|---|---|
| YTD Return | -5.24% | 4.29% |
| 1Y Return | -8.01% | 38.51% |
| 3Y Return (Ann) | -1.12% | 8.61% |
| 5Y Return (Ann) | 3.78% | 18.32% |
| 10Y Return (Ann) | 6.86% | 18.35% |
| Sharpe Ratio | -0.48 | 2.19 |
| Daily Std Dev | 15.03% | 16.38% |
| Max Drawdown | -50.68% | -82.98% |
| Current Drawdown | -16.10% | -4.45% |
Correlation
The correlation between JNJ and QQQ is 0.34, 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
JNJ vs. QQQ - Performance Comparison
In the year-to-date period, JNJ achieves a -5.24% return, which is significantly lower than QQQ's 4.29% return. Over the past 10 years, JNJ has underperformed QQQ with an annualized return of 6.86%, while QQQ has yielded a comparatively higher 18.35% 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
JNJ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) 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
JNJ vs. QQQ - Dividend Comparison
JNJ's dividend yield for the trailing twelve months is around 3.20%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 3.20% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% | 2.64% | 2.83% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
JNJ vs. QQQ - Drawdown Comparison
The maximum JNJ drawdown since its inception was -50.68%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JNJ and QQQ. For additional features, visit the drawdowns tool.
Volatility
JNJ vs. QQQ - Volatility Comparison
The current volatility for Johnson & Johnson (JNJ) is 4.59%, while Invesco QQQ (QQQ) has a volatility of 4.84%. This indicates that JNJ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.