OLED vs. QQQ
Compare and contrast key facts about Universal Display Corporation (OLED) 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: OLED or QQQ.
Correlation
The correlation between OLED and QQQ is 0.51, 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
OLED vs. QQQ - Performance Comparison
Key characteristics
OLED:
-0.34
QQQ:
1.37
OLED:
-0.20
QQQ:
1.87
OLED:
0.97
QQQ:
1.25
OLED:
-0.33
QQQ:
1.85
OLED:
-0.71
QQQ:
6.39
OLED:
19.90%
QQQ:
3.92%
OLED:
40.98%
QQQ:
18.28%
OLED:
-85.55%
QQQ:
-82.98%
OLED:
-42.22%
QQQ:
-2.39%
Returns By Period
In the year-to-date period, OLED achieves a -0.38% return, which is significantly lower than QQQ's 2.59% return. Over the past 10 years, OLED has underperformed QQQ with an annualized return of 16.32%, while QQQ has yielded a comparatively higher 18.65% annualized return.
OLED
-0.38%
-3.87%
-12.92%
-13.59%
-3.74%
16.32%
QQQ
2.59%
1.14%
19.69%
23.14%
18.74%
18.65%
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Risk-Adjusted Performance
OLED vs. QQQ — Risk-Adjusted Performance Rank
OLED
QQQ
OLED vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Universal Display Corporation (OLED) 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
OLED vs. QQQ - Dividend Comparison
OLED's dividend yield for the trailing twelve months is around 1.10%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLED Universal Display Corporation | 1.10% | 1.09% | 0.73% | 1.11% | 0.48% | 0.26% | 0.19% | 0.26% | 0.07% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
OLED vs. QQQ - Drawdown Comparison
The maximum OLED drawdown since its inception was -85.55%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OLED and QQQ. For additional features, visit the drawdowns tool.
Volatility
OLED vs. QQQ - Volatility Comparison
Universal Display Corporation (OLED) has a higher volatility of 9.06% compared to Invesco QQQ (QQQ) at 5.93%. This indicates that OLED'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.