OXY vs. QQQ
Compare and contrast key facts about Occidental Petroleum Corporation (OXY) 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: OXY or QQQ.
Key characteristics
| OXY | QQQ | |
|---|---|---|
| YTD Return | 6.85% | 8.09% |
| 1Y Return | 11.12% | 36.42% |
| 3Y Return (Ann) | 38.56% | 11.48% |
| 5Y Return (Ann) | 5.27% | 19.86% |
| 10Y Return (Ann) | -0.68% | 18.49% |
| Sharpe Ratio | 0.58 | 2.27 |
| Daily Std Dev | 22.68% | 16.21% |
| Max Drawdown | -88.42% | -82.98% |
| Current Drawdown | -14.98% | -0.97% |
Correlation
The correlation between OXY and QQQ is 0.33, 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
OXY vs. QQQ - Performance Comparison
In the year-to-date period, OXY achieves a 6.85% return, which is significantly lower than QQQ's 8.09% return. Over the past 10 years, OXY has underperformed QQQ with an annualized return of -0.68%, while QQQ has yielded a comparatively higher 18.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OXY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Occidental Petroleum Corporation (OXY) 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
OXY vs. QQQ - Dividend Comparison
OXY's dividend yield for the trailing twelve months is around 1.20%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXY Occidental Petroleum Corporation | 1.20% | 1.21% | 0.83% | 0.14% | 4.74% | 7.62% | 5.05% | 4.15% | 4.24% | 4.39% | 3.46% | 2.69% |
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% | 1.01% |
Drawdowns
OXY vs. QQQ - Drawdown Comparison
The maximum OXY drawdown since its inception was -88.42%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OXY and QQQ. For additional features, visit the drawdowns tool.
Volatility
OXY vs. QQQ - Volatility Comparison
Occidental Petroleum Corporation (OXY) and Invesco QQQ (QQQ) have volatilities of 5.70% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.