PLNT vs. QQQ
Compare and contrast key facts about Planet Fitness, Inc. (PLNT) 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: PLNT or QQQ.
Correlation
The correlation between PLNT and QQQ is 0.41, 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
PLNT vs. QQQ - Performance Comparison
Key characteristics
PLNT:
1.33
QQQ:
1.54
PLNT:
2.07
QQQ:
2.06
PLNT:
1.25
QQQ:
1.28
PLNT:
0.98
QQQ:
2.03
PLNT:
4.07
QQQ:
7.34
PLNT:
9.89%
QQQ:
3.75%
PLNT:
30.21%
QQQ:
17.90%
PLNT:
-68.72%
QQQ:
-82.98%
PLNT:
-4.47%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, PLNT achieves a 33.49% return, which is significantly higher than QQQ's 26.66% return.
PLNT
33.49%
0.43%
34.30%
37.04%
5.80%
N/A
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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Risk-Adjusted Performance
PLNT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Fitness, Inc. (PLNT) 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
PLNT vs. QQQ - Dividend Comparison
PLNT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLNT Planet Fitness, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.83% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PLNT vs. QQQ - Drawdown Comparison
The maximum PLNT drawdown since its inception was -68.72%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PLNT and QQQ. For additional features, visit the drawdowns tool.
Volatility
PLNT vs. QQQ - Volatility Comparison
Planet Fitness, Inc. (PLNT) has a higher volatility of 7.21% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that PLNT'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.