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LECO vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LECO and QQQ is 0.50, 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.


-0.50.00.51.00.5

Performance

LECO vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lincoln Electric Holdings, Inc. (LECO) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

1,000.00%1,500.00%2,000.00%2,500.00%3,000.00%3,500.00%JulyAugustSeptemberOctoberNovemberDecember
3,143.64%
1,103.92%
LECO
QQQ

Key characteristics

Sharpe Ratio

LECO:

-0.45

QQQ:

1.55

Sortino Ratio

LECO:

-0.49

QQQ:

2.08

Omega Ratio

LECO:

0.94

QQQ:

1.28

Calmar Ratio

LECO:

-0.39

QQQ:

2.05

Martin Ratio

LECO:

-0.66

QQQ:

7.36

Ulcer Index

LECO:

19.18%

QQQ:

3.77%

Daily Std Dev

LECO:

28.12%

QQQ:

17.93%

Max Drawdown

LECO:

-68.89%

QQQ:

-82.98%

Current Drawdown

LECO:

-25.96%

QQQ:

-2.74%

Returns By Period

In the year-to-date period, LECO achieves a -11.79% return, which is significantly lower than QQQ's 28.36% return. Over the past 10 years, LECO has underperformed QQQ with an annualized return of 12.54%, while QQQ has yielded a comparatively higher 18.45% annualized return.


LECO

YTD

-11.79%

1M

-12.35%

6M

1.02%

1Y

-12.45%

5Y*

16.25%

10Y*

12.54%

QQQ

YTD

28.36%

1M

3.58%

6M

9.40%

1Y

27.81%

5Y*

20.40%

10Y*

18.45%

*Annualized

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Risk-Adjusted Performance

LECO vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) 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.


Sharpe ratio
The chart of Sharpe ratio for LECO, currently valued at -0.45, compared to the broader market-4.00-2.000.002.00-0.451.55
The chart of Sortino ratio for LECO, currently valued at -0.49, compared to the broader market-4.00-2.000.002.004.00-0.492.08
The chart of Omega ratio for LECO, currently valued at 0.94, compared to the broader market0.501.001.502.000.941.28
The chart of Calmar ratio for LECO, currently valued at -0.39, compared to the broader market0.002.004.006.00-0.392.05
The chart of Martin ratio for LECO, currently valued at -0.66, compared to the broader market0.005.0010.0015.0020.0025.00-0.667.36
LECO
QQQ

The current LECO Sharpe Ratio is -0.45, which is lower than the QQQ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LECO and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.45
1.55
LECO
QQQ

Dividends

LECO vs. QQQ - Dividend Comparison

LECO's dividend yield for the trailing twelve months is around 1.12%, more than QQQ's 0.54% yield.


TTM20232022202120202019201820172016201520142013
LECO
Lincoln Electric Holdings, Inc.
1.12%1.21%1.61%1.50%1.70%1.96%2.08%1.57%1.71%2.29%1.42%1.16%
QQQ
Invesco QQQ
0.54%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

LECO vs. QQQ - Drawdown Comparison

The maximum LECO drawdown since its inception was -68.89%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LECO and QQQ. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-25.96%
-2.74%
LECO
QQQ

Volatility

LECO vs. QQQ - Volatility Comparison

The current volatility for Lincoln Electric Holdings, Inc. (LECO) is 5.23%, while Invesco QQQ (QQQ) has a volatility of 5.69%. This indicates that LECO 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.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
5.23%
5.69%
LECO
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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