OMAB vs. QQQ
Compare and contrast key facts about Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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: OMAB or QQQ.
Correlation
The correlation between OMAB and QQQ is 0.39, 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
OMAB vs. QQQ - Performance Comparison
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Key characteristics
OMAB:
0.41
QQQ:
0.45
OMAB:
0.89
QQQ:
0.81
OMAB:
1.11
QQQ:
1.11
OMAB:
0.49
QQQ:
0.51
OMAB:
1.03
QQQ:
1.65
OMAB:
17.61%
QQQ:
6.96%
OMAB:
38.69%
QQQ:
25.14%
OMAB:
-77.35%
QQQ:
-82.98%
OMAB:
-0.43%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, OMAB achieves a 39.83% return, which is significantly higher than QQQ's -4.41% return. Over the past 10 years, OMAB has underperformed QQQ with an annualized return of 14.23%, while QQQ has yielded a comparatively higher 17.24% annualized return.
OMAB
39.83%
22.53%
49.67%
15.56%
32.69%
14.23%
QQQ
-4.41%
9.37%
-4.80%
11.06%
17.35%
17.24%
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Risk-Adjusted Performance
OMAB vs. QQQ — Risk-Adjusted Performance Rank
OMAB
QQQ
OMAB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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.
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Dividends
OMAB vs. QQQ - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.00%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.00% | 6.99% | 5.14% | 10.81% | 3.55% | 0.00% | 2.81% | 4.30% | 4.06% | 4.65% | 4.05% | 5.07% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
OMAB vs. QQQ - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.35%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OMAB and QQQ. For additional features, visit the drawdowns tool.
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Volatility
OMAB vs. QQQ - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 9.83% compared to Invesco QQQ (QQQ) at 8.24%. This indicates that OMAB'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.
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