PRME vs. QQQ
Compare and contrast key facts about Prime Medicine Inc. Common Stock (PRME) 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: PRME or QQQ.
Key characteristics
PRME | QQQ | |
---|---|---|
YTD Return | -57.11% | 20.48% |
1Y Return | -49.54% | 36.12% |
Sharpe Ratio | -0.58 | 1.96 |
Sortino Ratio | -0.55 | 2.59 |
Omega Ratio | 0.94 | 1.35 |
Calmar Ratio | -0.60 | 2.48 |
Martin Ratio | -1.35 | 9.17 |
Ulcer Index | 37.44% | 3.74% |
Daily Std Dev | 87.67% | 17.55% |
Max Drawdown | -83.85% | -82.98% |
Current Drawdown | -82.01% | -2.19% |
Correlation
The correlation between PRME and QQQ is 0.25, 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
PRME vs. QQQ - Performance Comparison
In the year-to-date period, PRME achieves a -57.11% return, which is significantly lower than QQQ's 20.48% 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
PRME vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Prime Medicine Inc. Common Stock (PRME) 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
PRME vs. QQQ - Dividend Comparison
PRME has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Prime Medicine Inc. Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PRME vs. QQQ - Drawdown Comparison
The maximum PRME drawdown since its inception was -83.85%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PRME and QQQ. For additional features, visit the drawdowns tool.
Volatility
PRME vs. QQQ - Volatility Comparison
Prime Medicine Inc. Common Stock (PRME) has a higher volatility of 22.15% compared to Invesco QQQ (QQQ) at 4.17%. This indicates that PRME'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.