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.
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
Key characteristics
PTEN:
-0.15
QQQ:
1.48
PTEN:
0.08
QQQ:
2.01
PTEN:
1.01
QQQ:
1.27
PTEN:
-0.08
QQQ:
1.98
PTEN:
-0.26
QQQ:
6.95
PTEN:
23.80%
QQQ:
3.87%
PTEN:
41.76%
QQQ:
18.17%
PTEN:
-95.13%
QQQ:
-82.98%
PTEN:
-70.61%
QQQ:
-3.83%
Returns By Period
In the year-to-date period, PTEN achieves a 12.95% return, which is significantly higher than QQQ's 1.07% return. Over the past 10 years, PTEN has underperformed QQQ with an annualized return of -2.90%, while QQQ has yielded a comparatively higher 18.73% annualized return.
PTEN
12.95%
23.74%
-13.57%
-3.96%
0.78%
-2.90%
QQQ
1.07%
-3.83%
7.57%
26.92%
19.10%
18.73%
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Risk-Adjusted Performance
PTEN vs. QQQ — Risk-Adjusted Performance Rank
PTEN
QQQ
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 3.43%, more than QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 3.43% | 3.87% | 2.96% | 1.19% | 0.95% | 1.90% | 1.52% | 1.35% | 0.35% | 0.59% | 2.65% | 2.41% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 10.15% compared to Invesco QQQ (QQQ) at 6.42%. 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.