Correlation
The correlation between NMM and QQQM is 0.36, 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.
NMM vs. QQQM
Compare and contrast key facts about Navios Maritime Partners L.P. (NMM) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMM or QQQM.
Performance
NMM vs. QQQM - Performance Comparison
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Key characteristics
NMM:
-0.46
QQQM:
0.63
NMM:
-0.45
QQQM:
0.93
NMM:
0.95
QQQM:
1.13
NMM:
-0.22
QQQM:
0.60
NMM:
-0.69
QQQM:
1.95
NMM:
27.06%
QQQM:
7.01%
NMM:
41.22%
QQQM:
25.29%
NMM:
-98.13%
QQQM:
-35.05%
NMM:
-80.77%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, NMM achieves a -9.29% return, which is significantly lower than QQQM's 1.73% return.
NMM
-9.29%
14.32%
-18.93%
-18.92%
10.17%
43.74%
-10.51%
QQQM
1.73%
9.14%
2.19%
15.73%
19.83%
N/A
N/A
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Risk-Adjusted Performance
NMM vs. QQQM — Risk-Adjusted Performance Rank
NMM
QQQM
NMM vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Navios Maritime Partners L.P. (NMM) and Invesco NASDAQ 100 ETF (QQQM). 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
NMM vs. QQQM - Dividend Comparison
NMM's dividend yield for the trailing twelve months is around 0.51%, less than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 0.51% | 0.46% | 0.72% | 0.77% | 0.80% | 6.25% | 6.44% | 7.06% | 0.00% | 0.00% | 51.06% | 17.42% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NMM vs. QQQM - Drawdown Comparison
The maximum NMM drawdown since its inception was -98.13%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for NMM and QQQM.
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Volatility
NMM vs. QQQM - Volatility Comparison
Navios Maritime Partners L.P. (NMM) has a higher volatility of 8.56% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.59%. This indicates that NMM's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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