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.
Correlation
The correlation between OCSL and QQQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OCSL vs. QQQ - Performance Comparison
Key characteristics
OCSL:
-0.61
QQQ:
1.40
OCSL:
-0.70
QQQ:
1.90
OCSL:
0.91
QQQ:
1.25
OCSL:
-0.43
QQQ:
1.88
OCSL:
-0.95
QQQ:
6.51
OCSL:
10.43%
QQQ:
3.92%
OCSL:
16.22%
QQQ:
18.23%
OCSL:
-59.53%
QQQ:
-82.98%
OCSL:
-15.35%
QQQ:
-0.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with OCSL having a 5.24% return and QQQ slightly lower at 5.09%. Over the past 10 years, OCSL has underperformed QQQ with an annualized return of 7.17%, while QQQ has yielded a comparatively higher 18.32% annualized return.
OCSL
5.24%
2.29%
1.49%
-8.65%
11.14%
7.17%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
OCSL vs. QQQ — Risk-Adjusted Performance Rank
OCSL
QQQ
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 13.68%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 13.68% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.85% | 12.88% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
OCSL vs. QQQ - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.53%, 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) has a higher volatility of 4.97% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that OCSL'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.