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 0.35, 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
Key characteristics
OMAB:
0.52
QQQ:
1.30
OMAB:
0.95
QQQ:
1.78
OMAB:
1.12
QQQ:
1.24
OMAB:
0.51
QQQ:
1.76
OMAB:
1.09
QQQ:
6.08
OMAB:
17.41%
QQQ:
3.92%
OMAB:
36.62%
QQQ:
18.35%
OMAB:
-77.35%
QQQ:
-82.98%
OMAB:
-12.65%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, OMAB achieves a 16.39% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, OMAB has underperformed QQQ with an annualized return of 13.08%, while QQQ has yielded a comparatively higher 18.06% annualized return.
OMAB
16.39%
1.41%
32.87%
19.98%
9.78%
13.08%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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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.
Dividends
OMAB vs. QQQ - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.99%, more than QQQ's 0.54% 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. | 5.99% | 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 | 0.54% | 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.
Volatility
OMAB vs. QQQ - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 11.11% compared to Invesco QQQ (QQQ) at 5.02%. 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.