PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
NOW vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.6

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.

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
45.63%
8.34%
NOW
QQQ

Key characteristics

Sharpe Ratio

NOW:

1.69

QQQ:

1.64

Sortino Ratio

NOW:

2.24

QQQ:

2.19

Omega Ratio

NOW:

1.32

QQQ:

1.30

Calmar Ratio

NOW:

2.75

QQQ:

2.16

Martin Ratio

NOW:

9.23

QQQ:

7.79

Ulcer Index

NOW:

6.21%

QQQ:

3.76%

Daily Std Dev

NOW:

33.86%

QQQ:

17.85%

Max Drawdown

NOW:

-51.30%

QQQ:

-82.98%

Current Drawdown

NOW:

-4.98%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, NOW achieves a 54.46% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, NOW has outperformed QQQ with an annualized return of 31.76%, while QQQ has yielded a comparatively lower 18.36% annualized return.


NOW

YTD

54.46%

1M

6.67%

6M

45.63%

1Y

55.72%

5Y*

31.08%

10Y*

31.76%

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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 1.69, compared to the broader market-4.00-2.000.002.001.691.64
The chart of Sortino ratio for NOW, currently valued at 2.24, compared to the broader market-4.00-2.000.002.004.002.242.19
The chart of Omega ratio for NOW, currently valued at 1.32, compared to the broader market0.501.001.502.001.321.30
The chart of Calmar ratio for NOW, currently valued at 2.75, compared to the broader market0.002.004.006.002.752.16
The chart of Martin ratio for NOW, currently valued at 9.23, compared to the broader market-5.000.005.0010.0015.0020.0025.009.237.79
NOW
QQQ

The current NOW Sharpe Ratio is 1.69, which is comparable to the QQQ Sharpe Ratio of 1.64. 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 Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.69
1.64
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 0.43%.


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
0.43%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.98%
-3.63%
NOW
QQQ

Volatility

NOW vs. QQQ - Volatility Comparison

ServiceNow, Inc. (NOW) has a higher volatility of 9.91% compared to Invesco QQQ (QQQ) at 5.29%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
9.91%
5.29%
NOW
QQQ
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab