Correlation
The correlation between LOW and QQQ is 0.59, 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.
LOW vs. QQQ
Compare and contrast key facts about Lowe's Companies, Inc. (LOW) 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: LOW or QQQ.
Performance
LOW vs. QQQ - Performance Comparison
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Key characteristics
LOW:
0.27
QQQ:
0.62
LOW:
0.55
QQQ:
0.92
LOW:
1.07
QQQ:
1.13
LOW:
0.27
QQQ:
0.60
LOW:
0.61
QQQ:
1.94
LOW:
11.13%
QQQ:
7.02%
LOW:
24.74%
QQQ:
25.59%
LOW:
-62.29%
QQQ:
-82.98%
LOW:
-19.42%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, LOW achieves a -7.65% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, LOW has underperformed QQQ with an annualized return of 14.46%, while QQQ has yielded a comparatively higher 17.69% annualized return.
LOW
-7.65%
1.53%
-16.34%
3.93%
7.07%
13.61%
14.46%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
LOW vs. QQQ — Risk-Adjusted Performance Rank
LOW
QQQ
LOW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lowe's Companies, Inc. (LOW) 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.
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Dividends
LOW vs. QQQ - Dividend Comparison
LOW's dividend yield for the trailing twelve months is around 2.04%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOW Lowe's Companies, Inc. | 2.04% | 1.82% | 1.93% | 1.86% | 1.08% | 1.40% | 1.72% | 1.93% | 1.64% | 1.77% | 1.34% | 1.19% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
LOW vs. QQQ - Drawdown Comparison
The maximum LOW drawdown since its inception was -62.29%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LOW and QQQ.
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Volatility
LOW vs. QQQ - Volatility Comparison
Lowe's Companies, Inc. (LOW) has a higher volatility of 7.12% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that LOW'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.
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