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QQQJ vs. DOW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QQQJ and DOW is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

QQQJ vs. DOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Dow Inc. (DOW). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
20.75%
3.19%
QQQJ
DOW

Key characteristics

Sharpe Ratio

QQQJ:

1.27

DOW:

-1.12

Sortino Ratio

QQQJ:

1.83

DOW:

-1.55

Omega Ratio

QQQJ:

1.22

DOW:

0.83

Calmar Ratio

QQQJ:

0.72

DOW:

-0.63

Martin Ratio

QQQJ:

6.43

DOW:

-1.98

Ulcer Index

QQQJ:

3.07%

DOW:

11.50%

Daily Std Dev

QQQJ:

15.57%

DOW:

20.32%

Max Drawdown

QQQJ:

-39.58%

DOW:

-60.87%

Current Drawdown

QQQJ:

-10.94%

DOW:

-34.67%

Returns By Period

In the year-to-date period, QQQJ achieves a 17.02% return, which is significantly higher than DOW's -23.15% return.


QQQJ

YTD

17.02%

1M

1.39%

6M

13.05%

1Y

17.58%

5Y*

N/A

10Y*

N/A

DOW

YTD

-23.15%

1M

-7.63%

6M

-23.86%

1Y

-23.34%

5Y*

-1.01%

10Y*

N/A

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

QQQJ vs. DOW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Dow Inc. (DOW). 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.


Sharpe ratio
The chart of Sharpe ratio for QQQJ, currently valued at 1.27, compared to the broader market0.002.004.001.27-1.12
The chart of Sortino ratio for QQQJ, currently valued at 1.83, compared to the broader market-2.000.002.004.006.008.0010.001.83-1.55
The chart of Omega ratio for QQQJ, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.220.83
The chart of Calmar ratio for QQQJ, currently valued at 0.72, compared to the broader market0.005.0010.0015.000.72-0.63
The chart of Martin ratio for QQQJ, currently valued at 6.43, compared to the broader market0.0020.0040.0060.0080.00100.006.43-1.98
QQQJ
DOW

The current QQQJ Sharpe Ratio is 1.27, which is higher than the DOW Sharpe Ratio of -1.12. The chart below compares the historical Sharpe Ratios of QQQJ and DOW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.00JulyAugustSeptemberOctoberNovemberDecember
1.27
-1.12
QQQJ
DOW

Dividends

QQQJ vs. DOW - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.64%, less than DOW's 7.01% yield.


TTM20232022202120202019
QQQJ
Invesco NASDAQ Next Gen 100 ETF
0.64%0.67%0.75%0.91%0.09%0.00%
DOW
Dow Inc.
7.01%5.11%5.56%4.94%5.05%3.84%

Drawdowns

QQQJ vs. DOW - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.58%, smaller than the maximum DOW drawdown of -60.87%. Use the drawdown chart below to compare losses from any high point for QQQJ and DOW. For additional features, visit the drawdowns tool.


-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-10.94%
-34.67%
QQQJ
DOW

Volatility

QQQJ vs. DOW - Volatility Comparison

The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 4.80%, while Dow Inc. (DOW) has a volatility of 7.14%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than DOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.80%
7.14%
QQQJ
DOW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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