ORA vs. QQQ
Compare and contrast key facts about Ormat Technologies, Inc. (ORA) 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: ORA or QQQ.
Performance
ORA vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ORA achieves a 5.28% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, ORA has underperformed QQQ with an annualized return of 11.78%, while QQQ has yielded a comparatively higher 18.08% annualized return.
ORA
5.28%
-1.08%
8.78%
21.33%
1.36%
11.78%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| ORA | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.78 | 1.71 |
| Sortino Ratio | 1.23 | 2.29 |
| Omega Ratio | 1.15 | 1.31 |
| Calmar Ratio | 0.41 | 2.19 |
| Martin Ratio | 2.25 | 7.95 |
| Ulcer Index | 9.36% | 3.73% |
| Daily Std Dev | 27.11% | 17.38% |
| Max Drawdown | -73.96% | -82.98% |
| Current Drawdown | -35.51% | -2.13% |
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Correlation
The correlation between ORA and QQQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ORA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ormat Technologies, Inc. (ORA) 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
ORA vs. QQQ - Dividend Comparison
ORA's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORA Ormat Technologies, Inc. | 0.45% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% | 0.64% | 0.97% | 0.71% | 0.77% | 0.29% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ORA vs. QQQ - Drawdown Comparison
The maximum ORA drawdown since its inception was -73.96%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ORA and QQQ. For additional features, visit the drawdowns tool.
Volatility
ORA vs. QQQ - Volatility Comparison
Ormat Technologies, Inc. (ORA) has a higher volatility of 7.73% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that ORA'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.