JXJT vs. QQQ
Compare and contrast key facts about JX Luxventure Limited (JXJT) 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: JXJT or QQQ.
Key characteristics
| JXJT | QQQ | |
|---|---|---|
| YTD Return | 5.79% | 7.83% |
| 1Y Return | -67.81% | 36.55% |
| 3Y Return (Ann) | -65.02% | 11.35% |
| 5Y Return (Ann) | -48.58% | 19.82% |
| 10Y Return (Ann) | -54.88% | 18.47% |
| Sharpe Ratio | -0.42 | 2.34 |
| Daily Std Dev | 164.66% | 16.24% |
| Max Drawdown | -99.93% | -82.98% |
| Current Drawdown | -99.91% | -1.20% |
Correlation
The correlation between JXJT and QQQ is 0.09, 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
JXJT vs. QQQ - Performance Comparison
In the year-to-date period, JXJT achieves a 5.79% return, which is significantly lower than QQQ's 7.83% return. Over the past 10 years, JXJT has underperformed QQQ with an annualized return of -54.88%, while QQQ has yielded a comparatively higher 18.47% 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
JXJT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JX Luxventure Limited (JXJT) 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
JXJT vs. QQQ - Dividend Comparison
JXJT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JXJT JX Luxventure Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% | 1.01% |
Drawdowns
JXJT vs. QQQ - Drawdown Comparison
The maximum JXJT drawdown since its inception was -99.93%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JXJT and QQQ. For additional features, visit the drawdowns tool.
Volatility
JXJT vs. QQQ - Volatility Comparison
JX Luxventure Limited (JXJT) has a higher volatility of 33.26% compared to Invesco QQQ (QQQ) at 5.71%. This indicates that JXJT'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.