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.
Correlation
The correlation between OXY and QQQ is 0.47, 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.
Performance
OXY vs. QQQ - Performance Comparison
Key characteristics
OXY:
-1.02
QQQ:
0.47
OXY:
-1.47
QQQ:
0.81
OXY:
0.80
QQQ:
1.11
OXY:
-0.69
QQQ:
0.51
OXY:
-1.64
QQQ:
1.67
OXY:
21.45%
QQQ:
6.93%
OXY:
33.31%
QQQ:
25.14%
OXY:
-88.42%
QQQ:
-82.98%
OXY:
-43.59%
QQQ:
-9.36%
Returns By Period
In the year-to-date period, OXY achieves a -15.70% return, which is significantly lower than QQQ's -4.34% return. Over the past 10 years, OXY has underperformed QQQ with an annualized return of -3.07%, while QQQ has yielded a comparatively higher 17.21% annualized return.
OXY
-15.70%
14.76%
-18.30%
-33.77%
23.69%
-3.07%
QQQ
-4.34%
17.36%
-4.62%
11.64%
17.57%
17.21%
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Risk-Adjusted Performance
OXY vs. QQQ — Risk-Adjusted Performance Rank
OXY
QQQ
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 2.17%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXY Occidental Petroleum Corporation | 2.17% | 1.78% | 1.21% | 0.83% | 0.14% | 4.74% | 7.62% | 5.05% | 4.15% | 4.24% | 4.39% | 3.46% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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) has a higher volatility of 18.06% compared to Invesco QQQ (QQQ) at 13.83%. This indicates that OXY'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.