PCAR vs. QQQ
Compare and contrast key facts about PACCAR Inc (PCAR) 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: PCAR or QQQ.
Correlation
The correlation between PCAR and QQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PCAR vs. QQQ - Performance Comparison
Key characteristics
PCAR:
-0.51
QQQ:
0.47
PCAR:
-0.54
QQQ:
0.82
PCAR:
0.93
QQQ:
1.11
PCAR:
-0.56
QQQ:
0.52
PCAR:
-1.43
QQQ:
1.79
PCAR:
10.89%
QQQ:
6.64%
PCAR:
30.72%
QQQ:
25.28%
PCAR:
-66.16%
QQQ:
-82.98%
PCAR:
-23.16%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, PCAR achieves a -11.39% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, PCAR has underperformed QQQ with an annualized return of 11.75%, while QQQ has yielded a comparatively higher 16.64% annualized return.
PCAR
-11.39%
-7.68%
-10.23%
-15.08%
19.71%
11.75%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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Risk-Adjusted Performance
PCAR vs. QQQ — Risk-Adjusted Performance Rank
PCAR
QQQ
PCAR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PACCAR Inc (PCAR) 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
PCAR vs. QQQ - Dividend Comparison
PCAR's dividend yield for the trailing twelve months is around 4.60%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCAR PACCAR Inc | 4.60% | 4.01% | 4.34% | 4.23% | 3.22% | 2.29% | 4.53% | 5.41% | 3.08% | 2.44% | 4.89% | 2.73% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
PCAR vs. QQQ - Drawdown Comparison
The maximum PCAR drawdown since its inception was -66.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PCAR and QQQ. For additional features, visit the drawdowns tool.
Volatility
PCAR vs. QQQ - Volatility Comparison
The current volatility for PACCAR Inc (PCAR) is 14.57%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that PCAR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.