LYV vs. QQQ
Compare and contrast key facts about Live Nation Entertainment, Inc. (LYV) 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: LYV or QQQ.
Correlation
The correlation between LYV and QQQ is 0.56, 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.
Performance
LYV vs. QQQ - Performance Comparison
Key characteristics
LYV:
1.38
QQQ:
0.46
LYV:
1.91
QQQ:
0.82
LYV:
1.27
QQQ:
1.11
LYV:
1.38
QQQ:
0.51
LYV:
4.55
QQQ:
1.69
LYV:
9.17%
QQQ:
6.91%
LYV:
30.26%
QQQ:
25.12%
LYV:
-89.94%
QQQ:
-82.98%
LYV:
-13.27%
QQQ:
-10.29%
Returns By Period
In the year-to-date period, LYV achieves a 3.58% return, which is significantly higher than QQQ's -5.32% return. Both investments have delivered pretty close results over the past 10 years, with LYV having a 17.50% annualized return and QQQ not far behind at 17.05%.
LYV
3.58%
12.50%
6.46%
39.23%
26.28%
17.50%
QQQ
-5.32%
14.07%
-4.11%
10.43%
17.35%
17.05%
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Risk-Adjusted Performance
LYV vs. QQQ — Risk-Adjusted Performance Rank
LYV
QQQ
LYV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Live Nation Entertainment, Inc. (LYV) 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
LYV vs. QQQ - Dividend Comparison
LYV has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYV Live Nation Entertainment, Inc. | 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 | 0.62% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
LYV vs. QQQ - Drawdown Comparison
The maximum LYV drawdown since its inception was -89.94%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LYV and QQQ. For additional features, visit the drawdowns tool.
Volatility
LYV vs. QQQ - Volatility Comparison
The current volatility for Live Nation Entertainment, Inc. (LYV) is 12.77%, while Invesco QQQ (QQQ) has a volatility of 14.06%. This indicates that LYV 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.