NGX.AX vs. QQQ
Compare and contrast key facts about NGX Limited (NGX.AX) 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: NGX.AX or QQQ.
Correlation
The correlation between NGX.AX and QQQ is 0.14, 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
NGX.AX vs. QQQ - Performance Comparison
Key characteristics
NGX.AX:
-0.15
QQQ:
1.40
NGX.AX:
0.39
QQQ:
1.90
NGX.AX:
1.05
QQQ:
1.25
NGX.AX:
-0.23
QQQ:
1.88
NGX.AX:
-0.63
QQQ:
6.51
NGX.AX:
19.86%
QQQ:
3.92%
NGX.AX:
83.54%
QQQ:
18.23%
NGX.AX:
-55.17%
QQQ:
-82.98%
NGX.AX:
-51.72%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, NGX.AX achieves a -22.22% return, which is significantly lower than QQQ's 5.09% return.
NGX.AX
-22.22%
-12.50%
-20.00%
0.00%
N/A
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
NGX.AX vs. QQQ — Risk-Adjusted Performance Rank
NGX.AX
QQQ
NGX.AX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NGX Limited (NGX.AX) 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
NGX.AX vs. QQQ - Dividend Comparison
NGX.AX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGX.AX NGX Limited | 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
NGX.AX vs. QQQ - Drawdown Comparison
The maximum NGX.AX drawdown since its inception was -55.17%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NGX.AX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NGX.AX vs. QQQ - Volatility Comparison
NGX Limited (NGX.AX) has a higher volatility of 8.73% compared to Invesco QQQ (QQQ) at 4.53%. This indicates that NGX.AX'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.