PANW vs. QQQ
Compare and contrast key facts about Palo Alto Networks, Inc. (PANW) 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: PANW or QQQ.
Key characteristics
| PANW | QQQ | |
|---|---|---|
| YTD Return | 68.01% | 35.14% |
| 1Y Return | 41.59% | 32.67% |
| 5Y Return (Ann) | 25.62% | 14.85% |
| 10Y Return (Ann) | 31.68% | 17.29% |
| Sharpe Ratio | 1.00 | 1.26 |
| Daily Std Dev | 40.60% | 22.85% |
| Max Drawdown | -47.98% | -82.98% |
Correlation
The correlation between PANW and QQQ is 0.53, 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.
PANW vs. QQQ - Performance Comparison
In the year-to-date period, PANW achieves a 68.01% return, which is significantly higher than QQQ's 35.14% return. Over the past 10 years, PANW has outperformed QQQ with an annualized return of 31.68%, while QQQ has yielded a comparatively lower 17.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
PANW vs. QQQ - Dividend Comparison
PANW has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.81% | 0.43% | 0.56% | 0.76% | 0.94% | 0.87% | 1.11% | 1.05% | 1.51% | 1.10% | 1.39% |
PANW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
PANW Palo Alto Networks, Inc. | 1.00 | ||||
QQQ Invesco QQQ | 1.26 |
PANW vs. QQQ - Drawdown Comparison
The maximum PANW drawdown for the period was -19.51%, roughly equal to the maximum QQQ drawdown of -22.49%. The drawdown chart below compares losses from any high point along the way for PANW and QQQ
PANW vs. QQQ - Volatility Comparison
Palo Alto Networks, Inc. (PANW) has a higher volatility of 6.78% compared to Invesco QQQ (QQQ) at 4.10%. This indicates that PANW'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.