NQ=F vs. QQQ
Compare and contrast key facts about E-Mini Nasdaq 100 Futures (NQ=F) 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: NQ=F or QQQ.
Correlation
The correlation between NQ=F and QQQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NQ=F vs. QQQ - Performance Comparison
Key characteristics
NQ=F:
1.47
QQQ:
1.71
NQ=F:
2.02
QQQ:
2.27
NQ=F:
1.28
QQQ:
1.31
NQ=F:
1.88
QQQ:
2.26
NQ=F:
6.35
QQQ:
8.12
NQ=F:
4.14%
QQQ:
3.77%
NQ=F:
17.77%
QQQ:
17.88%
NQ=F:
-35.28%
QQQ:
-82.98%
NQ=F:
-0.37%
QQQ:
-1.37%
Returns By Period
The year-to-date returns for both investments are quite close, with NQ=F having a 29.40% return and QQQ slightly higher at 30.18%. Over the past 10 years, NQ=F has underperformed QQQ with an annualized return of 17.50%, while QQQ has yielded a comparatively higher 18.54% annualized return.
NQ=F
29.40%
5.65%
10.30%
29.73%
19.60%
17.50%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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Risk-Adjusted Performance
NQ=F vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) 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.
Drawdowns
NQ=F vs. QQQ - Drawdown Comparison
The maximum NQ=F drawdown since its inception was -35.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NQ=F and QQQ. For additional features, visit the drawdowns tool.
Volatility
NQ=F vs. QQQ - Volatility Comparison
E-Mini Nasdaq 100 Futures (NQ=F) has a higher volatility of 6.55% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that NQ=F'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.