PSHZF vs. QQQ
Compare and contrast key facts about Pershing Square Holdings Ltd (PSHZF) 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: PSHZF or QQQ.
Key characteristics
PSHZF | QQQ | |
---|---|---|
YTD Return | 1.72% | 15.90% |
1Y Return | 25.49% | 28.50% |
3Y Return (Ann) | 10.97% | 8.93% |
5Y Return (Ann) | 21.21% | 20.58% |
Sharpe Ratio | 1.19 | 1.48 |
Daily Std Dev | 21.28% | 17.72% |
Max Drawdown | -56.97% | -82.98% |
Current Drawdown | -14.50% | -5.91% |
Correlation
The correlation between PSHZF and QQQ is 0.39, 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
PSHZF vs. QQQ - Performance Comparison
In the year-to-date period, PSHZF achieves a 1.72% return, which is significantly lower than QQQ's 15.90% 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
PSHZF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings Ltd (PSHZF) 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
PSHZF vs. QQQ - Dividend Comparison
PSHZF's dividend yield for the trailing twelve months is around 1.21%, more than QQQ's 0.61% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Pershing Square Holdings Ltd | 1.21% | 1.12% | 1.16% | 0.97% | 1.13% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PSHZF vs. QQQ - Drawdown Comparison
The maximum PSHZF drawdown since its inception was -56.97%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PSHZF and QQQ. For additional features, visit the drawdowns tool.
Volatility
PSHZF vs. QQQ - Volatility Comparison
Pershing Square Holdings Ltd (PSHZF) and Invesco QQQ (QQQ) have volatilities of 5.98% and 6.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.