KOTAKBANK.NS vs. QQQ
Compare and contrast key facts about Kotak Mahindra Bank Limited (KOTAKBANK.NS) 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: KOTAKBANK.NS or QQQ.
Key characteristics
| KOTAKBANK.NS | QQQ | |
|---|---|---|
| YTD Return | -11.25% | 25.63% |
| 1Y Return | -3.32% | 33.85% |
| 3Y Return (Ann) | -6.70% | 9.83% |
| 5Y Return (Ann) | 0.86% | 21.21% |
| 10Y Return (Ann) | 12.18% | 18.37% |
| Sharpe Ratio | -0.14 | 2.12 |
| Sortino Ratio | -0.04 | 2.79 |
| Omega Ratio | 0.99 | 1.38 |
| Calmar Ratio | -0.11 | 2.71 |
| Martin Ratio | -0.42 | 9.88 |
| Ulcer Index | 7.90% | 3.72% |
| Daily Std Dev | 22.86% | 17.31% |
| Max Drawdown | -97.79% | -82.98% |
| Current Drawdown | -23.46% | -0.37% |
Correlation
The correlation between KOTAKBANK.NS and QQQ is 0.13, 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
KOTAKBANK.NS vs. QQQ - Performance Comparison
In the year-to-date period, KOTAKBANK.NS achieves a -11.25% return, which is significantly lower than QQQ's 25.63% return. Over the past 10 years, KOTAKBANK.NS has underperformed QQQ with an annualized return of 12.18%, while QQQ has yielded a comparatively higher 18.37% 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
KOTAKBANK.NS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kotak Mahindra Bank Limited (KOTAKBANK.NS) 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
KOTAKBANK.NS vs. QQQ - Dividend Comparison
KOTAKBANK.NS's dividend yield for the trailing twelve months is around 0.12%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOTAKBANK.NS Kotak Mahindra Bank Limited | 0.12% | 0.08% | 0.06% | 0.05% | 0.00% | 0.05% | 0.06% | 0.06% | 0.07% | 0.06% | 0.06% | 0.10% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
KOTAKBANK.NS vs. QQQ - Drawdown Comparison
The maximum KOTAKBANK.NS drawdown since its inception was -97.79%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KOTAKBANK.NS and QQQ. For additional features, visit the drawdowns tool.
Volatility
KOTAKBANK.NS vs. QQQ - Volatility Comparison
Kotak Mahindra Bank Limited (KOTAKBANK.NS) has a higher volatility of 5.99% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that KOTAKBANK.NS'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.