RDDT vs. QQQ
Compare and contrast key facts about Reddit, Inc. (RDDT) 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: RDDT or QQQ.
Correlation
The correlation between RDDT and QQQ is 0.40, 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
RDDT vs. QQQ - Performance Comparison
Key characteristics
RDDT:
87.68%
QQQ:
18.27%
RDDT:
-39.84%
QQQ:
-82.98%
RDDT:
-16.92%
QQQ:
0.00%
Returns By Period
In the year-to-date period, RDDT achieves a 14.49% return, which is significantly higher than QQQ's 5.50% return.
RDDT
14.49%
6.73%
240.11%
N/A
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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
RDDT vs. QQQ — Risk-Adjusted Performance Rank
RDDT
QQQ
RDDT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Reddit, Inc. (RDDT) 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.
Not enough dataDividends
RDDT vs. QQQ - Dividend Comparison
RDDT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDDT Reddit, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RDDT vs. QQQ - Drawdown Comparison
The maximum RDDT drawdown since its inception was -39.84%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RDDT and QQQ. For additional features, visit the drawdowns tool.
Volatility
RDDT vs. QQQ - Volatility Comparison
Reddit, Inc. (RDDT) has a higher volatility of 17.58% compared to Invesco QQQ (QQQ) at 4.92%. This indicates that RDDT'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.