PCT.L vs. QQQ
Compare and contrast key facts about Polar Capital Technology Trust (PCT.L) 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: PCT.L or QQQ.
Key characteristics
| PCT.L | QQQ | |
|---|---|---|
| YTD Return | 12.89% | 15.90% |
| 1Y Return | 30.78% | 28.50% |
| 3Y Return (Ann) | 5.22% | 8.93% |
| 5Y Return (Ann) | 15.72% | 20.58% |
| 10Y Return (Ann) | 18.96% | 17.81% |
| Sharpe Ratio | 1.48 | 1.48 |
| Daily Std Dev | 21.13% | 17.72% |
| Max Drawdown | -84.10% | -82.98% |
| Current Drawdown | -14.96% | -5.91% |
Correlation
The correlation between PCT.L and QQQ is 0.34, 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
PCT.L vs. QQQ - Performance Comparison
In the year-to-date period, PCT.L achieves a 12.89% return, which is significantly lower than QQQ's 15.90% return. Over the past 10 years, PCT.L has outperformed QQQ with an annualized return of 18.96%, while QQQ has yielded a comparatively lower 17.81% 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
PCT.L vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Polar Capital Technology Trust (PCT.L) 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
PCT.L vs. QQQ - Dividend Comparison
PCT.L has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCT.L Polar Capital Technology Trust | 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 | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PCT.L vs. QQQ - Drawdown Comparison
The maximum PCT.L drawdown since its inception was -84.10%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PCT.L and QQQ. For additional features, visit the drawdowns tool.
Volatility
PCT.L vs. QQQ - Volatility Comparison
Polar Capital Technology Trust (PCT.L) has a higher volatility of 7.42% compared to Invesco QQQ (QQQ) at 6.05%. This indicates that PCT.L'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.