NDX1.DE vs. QQQ
Compare and contrast key facts about Nordex SE (NDX1.DE) 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: NDX1.DE or QQQ.
Correlation
The correlation between NDX1.DE and QQQ is 0.22, 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
NDX1.DE vs. QQQ - Performance Comparison
Key characteristics
NDX1.DE:
0.42
QQQ:
1.37
NDX1.DE:
0.85
QQQ:
1.86
NDX1.DE:
1.10
QQQ:
1.25
NDX1.DE:
0.18
QQQ:
1.84
NDX1.DE:
1.04
QQQ:
6.35
NDX1.DE:
15.76%
QQQ:
3.92%
NDX1.DE:
39.19%
QQQ:
18.24%
NDX1.DE:
-98.49%
QQQ:
-82.98%
NDX1.DE:
-86.99%
QQQ:
0.00%
Returns By Period
In the year-to-date period, NDX1.DE achieves a 2.40% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, NDX1.DE has underperformed QQQ with an annualized return of -2.93%, while QQQ has yielded a comparatively higher 18.38% annualized return.
NDX1.DE
2.40%
-4.39%
-15.21%
13.98%
2.05%
-2.93%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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Risk-Adjusted Performance
NDX1.DE vs. QQQ — Risk-Adjusted Performance Rank
NDX1.DE
QQQ
NDX1.DE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordex SE (NDX1.DE) 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
NDX1.DE vs. QQQ - Dividend Comparison
NDX1.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDX1.DE Nordex SE | 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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NDX1.DE vs. QQQ - Drawdown Comparison
The maximum NDX1.DE drawdown since its inception was -98.49%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NDX1.DE and QQQ. For additional features, visit the drawdowns tool.
Volatility
NDX1.DE vs. QQQ - Volatility Comparison
Nordex SE (NDX1.DE) has a higher volatility of 12.20% compared to Invesco QQQ (QQQ) at 4.67%. This indicates that NDX1.DE'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.