NKE vs. QQQ
Compare and contrast key facts about NIKE, Inc. (NKE) 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: NKE or QQQ.
Performance
NKE vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NKE achieves a -28.54% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, NKE has underperformed QQQ with an annualized return of 5.94%, while QQQ has yielded a comparatively higher 17.95% annualized return.
NKE
-28.54%
-8.67%
-16.13%
-27.66%
-2.74%
5.94%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| NKE | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.82 | 1.70 |
| Sortino Ratio | -0.91 | 2.29 |
| Omega Ratio | 0.84 | 1.31 |
| Calmar Ratio | -0.47 | 2.19 |
| Martin Ratio | -1.05 | 7.96 |
| Ulcer Index | 26.47% | 3.72% |
| Daily Std Dev | 33.79% | 17.39% |
| Max Drawdown | -64.43% | -82.98% |
| Current Drawdown | -55.17% | -3.42% |
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Correlation
The correlation between NKE and QQQ is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NKE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) 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
NKE vs. QQQ - Dividend Comparison
NKE's dividend yield for the trailing twelve months is around 1.93%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | 1.93% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% | 1.04% | 1.11% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NKE vs. QQQ - Drawdown Comparison
The maximum NKE drawdown since its inception was -64.43%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NKE and QQQ. For additional features, visit the drawdowns tool.
Volatility
NKE vs. QQQ - Volatility Comparison
NIKE, Inc. (NKE) and Invesco QQQ (QQQ) have volatilities of 5.83% and 5.62%, 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.