NOVO-B.CO vs. QQQ
Compare and contrast key facts about Novo Nordisk A/S (NOVO-B.CO) 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: NOVO-B.CO or QQQ.
Correlation
The correlation between NOVO-B.CO and QQQ is 0.22, 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
NOVO-B.CO vs. QQQ - Performance Comparison
Key characteristics
NOVO-B.CO:
-0.76
QQQ:
1.38
NOVO-B.CO:
-0.88
QQQ:
1.88
NOVO-B.CO:
0.88
QQQ:
1.25
NOVO-B.CO:
-0.65
QQQ:
1.86
NOVO-B.CO:
-1.43
QQQ:
6.43
NOVO-B.CO:
20.97%
QQQ:
3.92%
NOVO-B.CO:
39.78%
QQQ:
18.27%
NOVO-B.CO:
-64.64%
QQQ:
-82.98%
NOVO-B.CO:
-42.68%
QQQ:
0.00%
Returns By Period
In the year-to-date period, NOVO-B.CO achieves a -5.96% return, which is significantly lower than QQQ's 5.50% return. Over the past 10 years, NOVO-B.CO has underperformed QQQ with an annualized return of 16.84%, while QQQ has yielded a comparatively higher 18.39% annualized return.
NOVO-B.CO
-5.96%
1.98%
-35.37%
-30.83%
23.96%
16.84%
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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Risk-Adjusted Performance
NOVO-B.CO vs. QQQ — Risk-Adjusted Performance Rank
NOVO-B.CO
QQQ
NOVO-B.CO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) 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
NOVO-B.CO vs. QQQ - Dividend Comparison
NOVO-B.CO's dividend yield for the trailing twelve months is around 1.69%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOVO-B.CO Novo Nordisk A/S | 1.69% | 1.59% | 1.01% | 2.09% | 1.27% | 2.02% | 2.11% | 2.64% | 2.27% | 3.69% | 1.25% | 1.73% |
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
NOVO-B.CO vs. QQQ - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -64.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and QQQ. For additional features, visit the drawdowns tool.
Volatility
NOVO-B.CO vs. QQQ - Volatility Comparison
Novo Nordisk A/S (NOVO-B.CO) has a higher volatility of 12.45% compared to Invesco QQQ (QQQ) at 4.69%. This indicates that NOVO-B.CO'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.