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 0.44, 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.
Performance
RDDT vs. QQQ - Performance Comparison
Key characteristics
RDDT:
91.16%
QQQ:
18.07%
RDDT:
-39.84%
QQQ:
-82.98%
RDDT:
-3.99%
QQQ:
-4.12%
Returns By Period
In the year-to-date period, RDDT achieves a 5.43% return, which is significantly higher than QQQ's 0.77% return.
RDDT
5.43%
5.87%
144.11%
N/A
N/A
N/A
QQQ
0.77%
-1.99%
3.81%
27.98%
19.49%
18.49%
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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 0.55%.
| 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 | 0.55% | 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 19.52% compared to Invesco QQQ (QQQ) at 6.20%. 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.