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.
Key characteristics
| NMM | QQQM | |
|---|---|---|
| YTD Return | 92.17% | 26.20% |
| 1Y Return | 149.45% | 39.98% |
| 3Y Return (Ann) | 20.54% | 9.99% |
| Sharpe Ratio | 3.80 | 2.23 |
| Sortino Ratio | 5.22 | 2.93 |
| Omega Ratio | 1.63 | 1.40 |
| Calmar Ratio | 1.66 | 2.87 |
| Martin Ratio | 23.60 | 10.49 |
| Ulcer Index | 6.29% | 3.71% |
| Daily Std Dev | 39.07% | 17.42% |
| Max Drawdown | -98.13% | -35.05% |
| Current Drawdown | -73.83% | 0.00% |
Correlation
The correlation between NMM and QQQM is 0.29, 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
NMM vs. QQQM - Performance Comparison
In the year-to-date period, NMM achieves a 92.17% return, which is significantly higher than QQQM's 26.20% 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
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.
Dividends
NMM vs. QQQM - Dividend Comparison
NMM's dividend yield for the trailing twelve months is around 0.28%, less than QQQM's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 0.28% | 0.72% | 0.77% | 0.80% | 6.25% | 6.44% | 7.06% | 0.00% | 0.00% | 51.06% | 17.42% | 9.27% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
NMM vs. QQQM - Volatility Comparison
Navios Maritime Partners L.P. (NMM) has a higher volatility of 6.01% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.15%. 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.