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:
0.07
QQQ:
0.14
RDNT:
0.46
QQQ:
0.31
RDNT:
1.05
QQQ:
1.04
RDNT:
0.07
QQQ:
0.17
RDNT:
0.18
QQQ:
0.53
RDNT:
17.41%
QQQ:
5.24%
RDNT:
43.85%
QQQ:
20.34%
RDNT:
-92.15%
QQQ:
-82.98%
RDNT:
-42.68%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, RDNT achieves a -29.11% return, which is significantly lower than QQQ's -11.72% return. Over the past 10 years, RDNT has outperformed QQQ with an annualized return of 18.66%, while QQQ has yielded a comparatively lower 16.52% annualized return.
RDNT
-29.11%
-4.48%
-26.84%
3.06%
43.16%
18.66%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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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 0.66%.
| 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 | 0.66% | 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 14.80% compared to Invesco QQQ (QQQ) at 9.26%. 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.