OMI vs. QQQ
Compare and contrast key facts about Owens & Minor, Inc. (OMI) 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: OMI or QQQ.
Correlation
The correlation between OMI and QQQ is 0.37, 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
OMI vs. QQQ - Performance Comparison
Key characteristics
OMI:
-1.03
QQQ:
1.37
OMI:
-1.61
QQQ:
1.86
OMI:
0.76
QQQ:
1.25
OMI:
-0.79
QQQ:
1.84
OMI:
-1.57
QQQ:
6.35
OMI:
43.48%
QQQ:
3.92%
OMI:
66.40%
QQQ:
18.24%
OMI:
-93.26%
QQQ:
-82.98%
OMI:
-85.96%
QQQ:
0.00%
Returns By Period
In the year-to-date period, OMI achieves a -47.67% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, OMI has underperformed QQQ with an annualized return of -13.81%, while QQQ has yielded a comparatively higher 18.38% annualized return.
OMI
-47.67%
-53.09%
-56.79%
-68.25%
-0.29%
-13.81%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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Risk-Adjusted Performance
OMI vs. QQQ — Risk-Adjusted Performance Rank
OMI
QQQ
OMI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Owens & Minor, Inc. (OMI) 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
OMI vs. QQQ - Dividend Comparison
OMI has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMI Owens & Minor, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.04% | 0.23% | 13.51% | 5.47% | 2.89% | 2.81% | 2.85% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
OMI vs. QQQ - Drawdown Comparison
The maximum OMI drawdown since its inception was -93.26%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OMI and QQQ. For additional features, visit the drawdowns tool.
Volatility
OMI vs. QQQ - Volatility Comparison
Owens & Minor, Inc. (OMI) has a higher volatility of 42.79% compared to Invesco QQQ (QQQ) at 4.69%. This indicates that OMI'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.