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NOW vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NOW vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ServiceNow, Inc. (NOW) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

1,000.00%2,000.00%3,000.00%4,000.00%JuneJulyAugustSeptemberOctoberNovember
4,046.22%
766.02%
NOW
QQQ

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

YTD

44.37%

1M

10.66%

6M

31.75%

1Y

55.87%

5Y (annualized)

29.33%

10Y (annualized)

32.00%

QQQ

YTD

21.78%

1M

1.15%

6M

10.25%

1Y

29.54%

5Y (annualized)

20.42%

10Y (annualized)

17.95%

Key characteristics


NOWQQQ
Sharpe Ratio1.701.70
Sortino Ratio2.232.29
Omega Ratio1.321.31
Calmar Ratio2.702.19
Martin Ratio9.107.96
Ulcer Index6.19%3.72%
Daily Std Dev33.25%17.39%
Max Drawdown-51.30%-82.98%
Current Drawdown-2.70%-3.42%

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Correlation

-0.50.00.51.00.6

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.


Sharpe ratio
The chart of Sharpe ratio for NOW, currently valued at 1.70, compared to the broader market-4.00-2.000.002.004.001.701.70
The chart of Sortino ratio for NOW, currently valued at 2.23, compared to the broader market-4.00-2.000.002.004.002.232.28
The chart of Omega ratio for NOW, currently valued at 1.32, compared to the broader market0.501.001.502.001.321.31
The chart of Calmar ratio for NOW, currently valued at 2.70, compared to the broader market0.002.004.006.002.702.18
The chart of Martin ratio for NOW, currently valued at 9.10, compared to the broader market0.0010.0020.0030.009.107.92
NOW
QQQ

The current NOW Sharpe Ratio is 1.70, which is comparable to the QQQ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of NOW and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.70
1.70
NOW
QQQ

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%.


TTM20232022202120202019201820172016201520142013
NOW
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%
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

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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.70%
-3.42%
NOW
QQQ

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.


5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.10%
5.58%
NOW
QQQ