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 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.
Performance
OCSL vs. QQQ - Performance Comparison
Key characteristics
OCSL:
-0.84
QQQ:
1.64
OCSL:
-0.97
QQQ:
2.19
OCSL:
0.86
QQQ:
1.30
OCSL:
-0.65
QQQ:
2.16
OCSL:
-1.16
QQQ:
7.79
OCSL:
12.73%
QQQ:
3.76%
OCSL:
17.68%
QQQ:
17.85%
OCSL:
-59.52%
QQQ:
-82.98%
OCSL:
-20.09%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, OCSL achieves a -15.70% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, OCSL has underperformed QQQ with an annualized return of 5.43%, while QQQ has yielded a comparatively higher 18.36% annualized return.
OCSL
-15.70%
0.25%
-13.97%
-15.29%
9.16%
5.43%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 14.49%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 14.49% | 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 | 0.43% | 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 -59.52%, 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
The current volatility for Oaktree Specialty Lending Corporation (OCSL) is 4.55%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that OCSL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.