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:
-0.77
QQQ:
0.56
OMI:
-1.08
QQQ:
0.86
OMI:
0.84
QQQ:
1.11
OMI:
-0.69
QQQ:
0.78
OMI:
-1.31
QQQ:
2.57
OMI:
45.98%
QQQ:
4.12%
OMI:
77.95%
QQQ:
18.72%
OMI:
-93.26%
QQQ:
-82.98%
OMI:
-79.53%
QQQ:
-9.51%
Returns By Period
In the year-to-date period, OMI achieves a -23.72% return, which is significantly lower than QQQ's -4.50% return. Over the past 10 years, OMI has underperformed QQQ with an annualized return of -10.14%, while QQQ has yielded a comparatively higher 17.28% annualized return.
OMI
-23.72%
9.08%
-36.58%
-59.67%
12.26%
-10.14%
QQQ
-4.50%
-6.92%
6.21%
11.92%
19.43%
17.28%
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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 0.58%.
| 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 | 0.60% | 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 38.22% compared to Invesco QQQ (QQQ) at 7.09%. 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.