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.
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.
Performance
OMAB vs. QQQ - Performance Comparison
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Key characteristics
OMAB:
0.87
QQQ:
0.62
OMAB:
1.31
QQQ:
0.92
OMAB:
1.17
QQQ:
1.13
OMAB:
0.85
QQQ:
0.60
OMAB:
2.39
QQQ:
1.94
OMAB:
13.29%
QQQ:
7.02%
OMAB:
38.37%
QQQ:
25.59%
OMAB:
-77.35%
QQQ:
-82.98%
OMAB:
0.00%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, OMAB achieves a 48.08% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, OMAB has underperformed QQQ with an annualized return of 15.27%, while QQQ has yielded a comparatively higher 17.69% annualized return.
OMAB
48.08%
14.24%
55.82%
33.05%
25.93%
30.62%
15.27%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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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 4.57%, more than QQQ's 0.58% 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. | 4.57% | 6.97% | 5.14% | 10.82% | 3.55% | 0.00% | 2.81% | 4.30% | 4.06% | 4.65% | 4.05% | 5.05% |
QQQ Invesco QQQ | 0.58% | 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.
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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 7.89% compared to Invesco QQQ (QQQ) at 5.62%. 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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