RIG vs. QQQ
Compare and contrast key facts about Transocean Ltd. (RIG) 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: RIG or QQQ.
Correlation
The correlation between RIG and QQQ is 0.28, 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
RIG vs. QQQ - Performance Comparison
Key characteristics
RIG:
-0.48
QQQ:
1.48
RIG:
-0.44
QQQ:
2.01
RIG:
0.95
QQQ:
1.27
RIG:
-0.24
QQQ:
1.98
RIG:
-0.88
QQQ:
6.95
RIG:
26.21%
QQQ:
3.87%
RIG:
48.05%
QQQ:
18.17%
RIG:
-99.48%
QQQ:
-82.98%
RIG:
-96.67%
QQQ:
-3.83%
Returns By Period
In the year-to-date period, RIG achieves a 14.13% return, which is significantly higher than QQQ's 1.07% return. Over the past 10 years, RIG has underperformed QQQ with an annualized return of -11.70%, while QQQ has yielded a comparatively higher 18.73% annualized return.
RIG
14.13%
14.75%
-23.43%
-20.59%
-6.46%
-11.70%
QQQ
1.07%
-3.83%
7.57%
26.92%
19.10%
18.73%
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Risk-Adjusted Performance
RIG vs. QQQ — Risk-Adjusted Performance Rank
RIG
QQQ
RIG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Transocean Ltd. (RIG) 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
RIG vs. QQQ - Dividend Comparison
RIG 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIG Transocean Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.48% | 15.33% |
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
RIG vs. QQQ - Drawdown Comparison
The maximum RIG drawdown since its inception was -99.48%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RIG and QQQ. For additional features, visit the drawdowns tool.
Volatility
RIG vs. QQQ - Volatility Comparison
Transocean Ltd. (RIG) has a higher volatility of 12.20% compared to Invesco QQQ (QQQ) at 6.42%. This indicates that RIG'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.