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:
-0.80
QQQ:
0.15
PTEN:
-1.00
QQQ:
0.38
PTEN:
0.86
QQQ:
1.05
PTEN:
-0.54
QQQ:
0.16
PTEN:
-1.79
QQQ:
0.58
PTEN:
24.79%
QQQ:
6.25%
PTEN:
55.71%
QQQ:
24.88%
PTEN:
-95.13%
QQQ:
-82.98%
PTEN:
-80.69%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, PTEN achieves a -25.80% return, which is significantly lower than QQQ's -13.00% return. Over the past 10 years, PTEN has underperformed QQQ with an annualized return of -9.91%, while QQQ has yielded a comparatively higher 16.13% annualized return.
PTEN
-25.80%
-28.00%
-22.46%
-44.53%
26.84%
-9.91%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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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 5.27%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 5.27% | 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 | 0.67% | 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 39.18% compared to Invesco QQQ (QQQ) at 16.19%. 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.