NEU vs. QQQ
Compare and contrast key facts about NewMarket Corporation (NEU) 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: NEU or QQQ.
Correlation
The correlation between NEU 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.
Performance
NEU vs. QQQ - Performance Comparison
Key characteristics
NEU:
-0.35
QQQ:
1.30
NEU:
-0.36
QQQ:
1.78
NEU:
0.96
QQQ:
1.24
NEU:
-0.35
QQQ:
1.76
NEU:
-0.57
QQQ:
6.08
NEU:
14.72%
QQQ:
3.92%
NEU:
23.84%
QQQ:
18.35%
NEU:
-94.63%
QQQ:
-82.98%
NEU:
-13.27%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, NEU achieves a 3.82% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, NEU has underperformed QQQ with an annualized return of 3.34%, while QQQ has yielded a comparatively higher 18.06% annualized return.
NEU
3.82%
11.42%
-1.68%
-9.81%
7.62%
3.34%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
NEU vs. QQQ — Risk-Adjusted Performance Rank
NEU
QQQ
NEU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NewMarket Corporation (NEU) 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
NEU vs. QQQ - Dividend Comparison
NEU's dividend yield for the trailing twelve months is around 1.82%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEU NewMarket Corporation | 1.82% | 1.89% | 1.62% | 2.70% | 2.33% | 1.91% | 1.50% | 1.70% | 1.76% | 1.51% | 1.52% | 1.16% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NEU vs. QQQ - Drawdown Comparison
The maximum NEU drawdown since its inception was -94.63%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NEU and QQQ. For additional features, visit the drawdowns tool.
Volatility
NEU vs. QQQ - Volatility Comparison
NewMarket Corporation (NEU) has a higher volatility of 8.59% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that NEU'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.