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.
Key characteristics
NEU | QQQ | |
---|---|---|
YTD Return | 2.98% | 16.41% |
1Y Return | 25.46% | 26.86% |
3Y Return (Ann) | 22.45% | 8.93% |
5Y Return (Ann) | 6.30% | 20.65% |
10Y Return (Ann) | 5.28% | 17.94% |
Sharpe Ratio | 1.06 | 1.57 |
Daily Std Dev | 24.52% | 17.78% |
Max Drawdown | -94.63% | -82.98% |
Current Drawdown | -12.70% | -5.49% |
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
In the year-to-date period, NEU achieves a 2.98% return, which is significantly lower than QQQ's 16.41% return. Over the past 10 years, NEU has underperformed QQQ with an annualized return of 5.28%, while QQQ has yielded a comparatively higher 17.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 1.30%, more than QQQ's 0.61% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
NewMarket Corporation | 1.30% | 1.62% | 2.70% | 2.33% | 1.91% | 1.50% | 1.70% | 1.76% | 1.51% | 1.52% | 1.16% | 1.14% |
Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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 9.89% compared to Invesco QQQ (QQQ) at 6.53%. 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.