JWEL.TO vs. QQQ
Compare and contrast key facts about Jamieson Wellness Inc. (JWEL.TO) 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: JWEL.TO or QQQ.
Correlation
The correlation between JWEL.TO and QQQ is 0.29, 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
JWEL.TO vs. QQQ - Performance Comparison
Key characteristics
JWEL.TO:
0.47
QQQ:
1.24
JWEL.TO:
0.79
QQQ:
1.71
JWEL.TO:
1.11
QQQ:
1.22
JWEL.TO:
0.33
QQQ:
1.68
JWEL.TO:
1.19
QQQ:
5.78
JWEL.TO:
10.18%
QQQ:
3.93%
JWEL.TO:
25.82%
QQQ:
18.32%
JWEL.TO:
-45.81%
QQQ:
-82.98%
JWEL.TO:
-16.65%
QQQ:
-1.73%
Returns By Period
In the year-to-date period, JWEL.TO achieves a -10.13% return, which is significantly lower than QQQ's 3.28% return.
JWEL.TO
-10.13%
-4.52%
6.38%
12.86%
6.01%
N/A
QQQ
3.28%
4.10%
14.48%
22.00%
18.51%
18.30%
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Risk-Adjusted Performance
JWEL.TO vs. QQQ — Risk-Adjusted Performance Rank
JWEL.TO
QQQ
JWEL.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jamieson Wellness Inc. (JWEL.TO) 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
JWEL.TO vs. QQQ - Dividend Comparison
JWEL.TO's dividend yield for the trailing twelve months is around 2.42%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JWEL.TO Jamieson Wellness Inc. | 2.42% | 2.18% | 2.27% | 1.82% | 1.37% | 1.30% | 1.48% | 1.59% | 0.72% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
JWEL.TO vs. QQQ - Drawdown Comparison
The maximum JWEL.TO drawdown since its inception was -45.81%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JWEL.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
JWEL.TO vs. QQQ - Volatility Comparison
Jamieson Wellness Inc. (JWEL.TO) has a higher volatility of 9.96% compared to Invesco QQQ (QQQ) at 5.30%. This indicates that JWEL.TO'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.