OCSL vs. QQQ
Compare and contrast key facts about Oaktree Specialty Lending Corporation (OCSL) 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: OCSL or QQQ.
Performance
OCSL vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, OCSL achieves a -15.91% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, OCSL has underperformed QQQ with an annualized return of 4.46%, while QQQ has yielded a comparatively higher 18.08% annualized return.
OCSL
-15.91%
-5.60%
-12.38%
-10.50%
10.54%
4.46%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| OCSL | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.63 | 1.71 |
| Sortino Ratio | -0.69 | 2.29 |
| Omega Ratio | 0.89 | 1.31 |
| Calmar Ratio | -0.48 | 2.19 |
| Martin Ratio | -0.94 | 7.95 |
| Ulcer Index | 11.59% | 3.73% |
| Daily Std Dev | 17.28% | 17.38% |
| Max Drawdown | -60.04% | -82.98% |
| Current Drawdown | -20.28% | -2.13% |
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Correlation
The correlation between OCSL and QQQ is 0.41, 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
OCSL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) 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
OCSL vs. QQQ - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 14.48%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 14.48% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.85% | 12.88% | 11.96% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
OCSL vs. QQQ - Drawdown Comparison
The maximum OCSL drawdown since its inception was -60.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OCSL and QQQ. For additional features, visit the drawdowns tool.
Volatility
OCSL vs. QQQ - Volatility Comparison
Oaktree Specialty Lending Corporation (OCSL) and Invesco QQQ (QQQ) have volatilities of 5.85% and 5.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.