PTEN vs. QQQ
Compare and contrast key facts about Patterson-UTI Energy, Inc. (PTEN) 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: PTEN or QQQ.
Key characteristics
| PTEN | QQQ | |
|---|---|---|
| YTD Return | -21.38% | 26.09% |
| 1Y Return | -29.40% | 39.88% |
| 3Y Return (Ann) | -2.86% | 9.90% |
| 5Y Return (Ann) | 0.00% | 21.46% |
| 10Y Return (Ann) | -7.91% | 18.52% |
| Sharpe Ratio | -0.75 | 2.22 |
| Sortino Ratio | -1.02 | 2.92 |
| Omega Ratio | 0.89 | 1.40 |
| Calmar Ratio | -0.39 | 2.86 |
| Martin Ratio | -1.51 | 10.44 |
| Ulcer Index | 19.89% | 3.72% |
| Daily Std Dev | 39.74% | 17.47% |
| Max Drawdown | -95.13% | -82.98% |
| Current Drawdown | -74.12% | 0.00% |
Correlation
The correlation between PTEN and QQQ is 0.31, 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
PTEN vs. QQQ - Performance Comparison
In the year-to-date period, PTEN achieves a -21.38% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, PTEN has underperformed QQQ with an annualized return of -7.91%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PTEN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Patterson-UTI Energy, Inc. (PTEN) 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
PTEN vs. QQQ - Dividend Comparison
PTEN's dividend yield for the trailing twelve months is around 3.86%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 3.86% | 2.96% | 1.19% | 0.95% | 1.90% | 1.52% | 1.35% | 0.35% | 0.59% | 2.65% | 2.41% | 0.79% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PTEN vs. QQQ - Drawdown Comparison
The maximum PTEN drawdown since its inception was -95.13%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PTEN and QQQ. For additional features, visit the drawdowns tool.
Volatility
PTEN vs. QQQ - Volatility Comparison
Patterson-UTI Energy, Inc. (PTEN) has a higher volatility of 13.89% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that PTEN'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.