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 0.23, 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
RDNT vs. QQQ - Performance Comparison
Key characteristics
RDNT:
1.60
QQQ:
1.48
RDNT:
2.69
QQQ:
2.01
RDNT:
1.31
QQQ:
1.27
RDNT:
2.47
QQQ:
1.98
RDNT:
10.57
QQQ:
6.95
RDNT:
6.66%
QQQ:
3.87%
RDNT:
44.12%
QQQ:
18.17%
RDNT:
-92.15%
QQQ:
-82.98%
RDNT:
-28.53%
QQQ:
-3.83%
Returns By Period
In the year-to-date period, RDNT achieves a -11.60% return, which is significantly lower than QQQ's 1.07% return. Over the past 10 years, RDNT has outperformed QQQ with an annualized return of 22.66%, while QQQ has yielded a comparatively lower 18.73% annualized return.
RDNT
-11.60%
-20.83%
-0.95%
68.50%
24.55%
22.66%
QQQ
1.07%
-3.83%
7.57%
26.92%
19.10%
18.73%
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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 0.55%.
| 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 | 0.55% | 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) has a higher volatility of 10.39% compared to Invesco QQQ (QQQ) at 6.42%. This indicates that RDNT'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.