RDNT vs. QQQ
Compare and contrast key facts about RadNet, Inc. (RDNT) 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: RDNT or QQQ.
Correlation
The correlation between RDNT and QQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RDNT vs. QQQ - Performance Comparison
Key characteristics
RDNT:
0.06
QQQ:
0.47
RDNT:
0.47
QQQ:
0.82
RDNT:
1.05
QQQ:
1.11
RDNT:
0.06
QQQ:
0.52
RDNT:
0.15
QQQ:
1.79
RDNT:
20.14%
QQQ:
6.64%
RDNT:
46.05%
QQQ:
25.28%
RDNT:
-92.15%
QQQ:
-82.98%
RDNT:
-41.82%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, RDNT achieves a -28.04% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, RDNT has outperformed QQQ with an annualized return of 18.88%, while QQQ has yielded a comparatively lower 16.64% annualized return.
RDNT
-28.04%
-0.91%
-24.27%
2.89%
32.20%
18.88%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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Risk-Adjusted Performance
RDNT vs. QQQ — Risk-Adjusted Performance Rank
RDNT
QQQ
RDNT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RadNet, Inc. (RDNT) 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
RDNT vs. QQQ - Dividend Comparison
RDNT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RDNT RadNet, 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 | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RDNT vs. QQQ - Drawdown Comparison
The maximum RDNT drawdown since its inception was -92.15%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RDNT and QQQ. For additional features, visit the drawdowns tool.
Volatility
RDNT vs. QQQ - Volatility Comparison
RadNet, Inc. (RDNT) and Invesco QQQ (QQQ) have volatilities of 16.65% and 16.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.