RACE vs. QQQ
Compare and contrast key facts about Ferrari N.V. (RACE) 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: RACE or QQQ.
Performance
RACE vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, RACE achieves a 29.35% return, which is significantly higher than QQQ's 22.63% return.
RACE
29.35%
-9.82%
4.40%
21.83%
22.36%
N/A
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| RACE | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.85 | 1.75 |
| Sortino Ratio | 1.41 | 2.34 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 1.79 | 2.25 |
| Martin Ratio | 4.48 | 8.17 |
| Ulcer Index | 5.28% | 3.73% |
| Daily Std Dev | 27.75% | 17.44% |
| Max Drawdown | -43.61% | -82.98% |
| Current Drawdown | -12.44% | -2.75% |
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Correlation
The correlation between RACE and QQQ is 0.57, 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.
Risk-Adjusted Performance
RACE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) 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
RACE vs. QQQ - Dividend Comparison
RACE's dividend yield for the trailing twelve months is around 0.60%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RACE Ferrari N.V. | 0.60% | 0.59% | 0.69% | 0.40% | 0.54% | 0.70% | 0.88% | 0.65% | 0.89% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RACE vs. QQQ - Drawdown Comparison
The maximum RACE drawdown since its inception was -43.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RACE and QQQ. For additional features, visit the drawdowns tool.
Volatility
RACE vs. QQQ - Volatility Comparison
Ferrari N.V. (RACE) has a higher volatility of 9.39% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that RACE'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.