Correlation
The correlation between ME and QQQ is 0.37, 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.
ME vs. QQQ
Compare and contrast key facts about 23andMe Holding Co. (ME) 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: ME or QQQ.
Performance
ME vs. QQQ - Performance Comparison
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Key characteristics
Returns By Period
ME
N/A
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
2.11%
10.30%
2.66%
14.51%
19.84%
18.52%
17.74%
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Risk-Adjusted Performance
ME vs. QQQ — Risk-Adjusted Performance Rank
ME
QQQ
ME vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 23andMe Holding Co. (ME) 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
ME vs. QQQ - Dividend Comparison
ME has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.57%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ME 23andMe Holding Co. | 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 | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ME vs. QQQ - Drawdown Comparison
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Volatility
ME vs. QQQ - Volatility Comparison
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