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:
-0.90
QQQ:
1.64
RIG:
-1.30
QQQ:
2.19
RIG:
0.86
QQQ:
1.30
RIG:
-0.44
QQQ:
2.16
RIG:
-1.64
QQQ:
7.79
RIG:
26.14%
QQQ:
3.76%
RIG:
47.62%
QQQ:
17.85%
RIG:
-99.48%
QQQ:
-82.98%
RIG:
-97.25%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, RIG achieves a -44.41% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, RIG has underperformed QQQ with an annualized return of -15.08%, while QQQ has yielded a comparatively higher 18.36% annualized return.
RIG
-44.41%
-16.55%
-31.46%
-43.43%
-9.75%
-15.08%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
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 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIG Transocean Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.48% | 15.33% | 3.40% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 9.92% compared to Invesco QQQ (QQQ) at 5.29%. 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.