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:
-0.67
QQQ:
1.64
PTEN:
-0.85
QQQ:
2.19
PTEN:
0.91
QQQ:
1.30
PTEN:
-0.36
QQQ:
2.16
PTEN:
-1.23
QQQ:
7.79
PTEN:
22.60%
QQQ:
3.76%
PTEN:
41.20%
QQQ:
17.85%
PTEN:
-95.13%
QQQ:
-82.98%
PTEN:
-75.81%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, PTEN achieves a -26.51% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, PTEN has underperformed QQQ with an annualized return of -6.04%, while QQQ has yielded a comparatively higher 18.36% annualized return.
PTEN
-26.51%
-4.63%
-22.52%
-27.84%
-3.32%
-6.04%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 4.17%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 4.17% | 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 | 0.43% | 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 13.16% compared to Invesco QQQ (QQQ) at 5.29%. 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.