NOW vs. QQQ
Compare and contrast key facts about ServiceNow, Inc. (NOW) 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: NOW or QQQ.
Performance
NOW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NOW achieves a 44.37% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, NOW has outperformed QQQ with an annualized return of 32.00%, while QQQ has yielded a comparatively lower 17.95% annualized return.
NOW
44.37%
10.66%
31.75%
55.87%
29.33%
32.00%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
NOW | QQQ | |
---|---|---|
Sharpe Ratio | 1.70 | 1.70 |
Sortino Ratio | 2.23 | 2.29 |
Omega Ratio | 1.32 | 1.31 |
Calmar Ratio | 2.70 | 2.19 |
Martin Ratio | 9.10 | 7.96 |
Ulcer Index | 6.19% | 3.72% |
Daily Std Dev | 33.25% | 17.39% |
Max Drawdown | -51.30% | -82.98% |
Current Drawdown | -2.70% | -3.42% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between NOW and QQQ is 0.63, 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
NOW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ServiceNow, Inc. (NOW) 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
NOW vs. QQQ - Dividend Comparison
NOW has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ServiceNow, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NOW vs. QQQ - Drawdown Comparison
The maximum NOW drawdown since its inception was -51.30%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NOW and QQQ. For additional features, visit the drawdowns tool.
Volatility
NOW vs. QQQ - Volatility Comparison
ServiceNow, Inc. (NOW) has a higher volatility of 8.10% compared to Invesco QQQ (QQQ) at 5.58%. This indicates that NOW'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.