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.
Performance
OMI vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, OMI achieves a -36.38% return, which is significantly lower than QQQ's 22.63% return. Over the past 10 years, OMI has underperformed QQQ with an annualized return of -8.05%, while QQQ has yielded a comparatively higher 18.02% annualized return.
OMI
-36.38%
-12.49%
-31.89%
-34.61%
14.93%
-8.05%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| OMI | QQQ | |
|---|---|---|
| Sharpe Ratio | -0.57 | 1.75 |
| Sortino Ratio | -0.53 | 2.34 |
| Omega Ratio | 0.93 | 1.32 |
| Calmar Ratio | -0.42 | 2.25 |
| Martin Ratio | -0.93 | 8.17 |
| Ulcer Index | 34.39% | 3.73% |
| Daily Std Dev | 55.44% | 17.44% |
| Max Drawdown | -93.26% | -82.98% |
| Current Drawdown | -74.83% | -2.75% |
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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.
Risk-Adjusted Performance
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 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMI Owens & Minor, Inc. | 0.00% | 0.00% | 0.00% | 0.03% | 0.04% | 0.23% | 13.51% | 5.47% | 2.89% | 2.81% | 2.85% | 2.63% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 22.86% compared to Invesco QQQ (QQQ) at 5.62%. 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.