Correlation
The correlation between NEXT and QQQ is 0.25, 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.
NEXT vs. QQQ
Compare and contrast key facts about NextDecade Corporation (NEXT) 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: NEXT or QQQ.
Performance
NEXT vs. QQQ - Performance Comparison
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Key characteristics
NEXT:
0.37
QQQ:
0.62
NEXT:
0.87
QQQ:
0.92
NEXT:
1.12
QQQ:
1.13
NEXT:
0.34
QQQ:
0.60
NEXT:
0.83
QQQ:
1.94
NEXT:
23.54%
QQQ:
7.02%
NEXT:
70.26%
QQQ:
25.59%
NEXT:
-88.79%
QQQ:
-82.98%
NEXT:
-20.69%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, NEXT achieves a 7.39% return, which is significantly higher than QQQ's 1.69% return.
NEXT
7.39%
10.70%
14.36%
26.03%
4.96%
40.54%
N/A
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
NEXT vs. QQQ — Risk-Adjusted Performance Rank
NEXT
QQQ
NEXT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) 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
NEXT vs. QQQ - Dividend Comparison
NEXT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 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 | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NEXT vs. QQQ - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NEXT and QQQ.
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Volatility
NEXT vs. QQQ - Volatility Comparison
NextDecade Corporation (NEXT) has a higher volatility of 15.05% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that NEXT'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.
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