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:
-0.48
QQQ:
1.56
NEU:
-0.57
QQQ:
2.09
NEU:
0.93
QQQ:
1.28
NEU:
-0.49
QQQ:
2.07
NEU:
-0.86
QQQ:
7.35
NEU:
13.24%
QQQ:
3.81%
NEU:
23.60%
QQQ:
17.96%
NEU:
-94.63%
QQQ:
-82.98%
NEU:
-22.56%
QQQ:
-4.10%
Returns By Period
In the year-to-date period, NEU achieves a -7.29% return, which is significantly lower than QQQ's 0.79% return. Over the past 10 years, NEU has underperformed QQQ with an annualized return of 3.71%, while QQQ has yielded a comparatively higher 18.48% annualized return.
NEU
-7.29%
-9.13%
-3.83%
-11.19%
3.57%
3.71%
QQQ
0.79%
-1.20%
2.76%
27.75%
19.56%
18.48%
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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 2.04%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEU NewMarket Corporation | 2.04% | 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 | 0.55% | 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) and Invesco QQQ (QQQ) have volatilities of 6.33% and 6.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.