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:
-1.21
QQQ:
-0.18
RIG:
-2.18
QQQ:
-0.10
RIG:
0.74
QQQ:
0.99
RIG:
-0.69
QQQ:
-0.18
RIG:
-2.00
QQQ:
-0.70
RIG:
33.70%
QQQ:
5.41%
RIG:
55.66%
QQQ:
21.28%
RIG:
-99.48%
QQQ:
-82.98%
RIG:
-98.31%
QQQ:
-21.54%
Returns By Period
In the year-to-date period, RIG achieves a -42.13% return, which is significantly lower than QQQ's -17.20% return. Over the past 10 years, RIG has underperformed QQQ with an annualized return of -18.33%, while QQQ has yielded a comparatively higher 15.64% annualized return.
RIG
-42.13%
-28.62%
-53.53%
-66.77%
12.82%
-18.33%
QQQ
-17.20%
-13.93%
-13.00%
-3.45%
17.38%
15.64%
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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 0.71%.
| 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 | 0.71% | 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 31.94% compared to Invesco QQQ (QQQ) at 10.78%. 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.