RYN vs. QQQE
Compare and contrast key facts about Rayonier Inc. (RYN) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYN or QQQE.
Key characteristics
| RYN | QQQE | |
|---|---|---|
| YTD Return | -9.10% | 0.63% |
| 1Y Return | 1.91% | 24.03% |
| 3Y Return (Ann) | -2.59% | 3.51% |
| 5Y Return (Ann) | 2.46% | 12.82% |
| 10Y Return (Ann) | 2.52% | 13.61% |
| Sharpe Ratio | -0.01 | 1.55 |
| Daily Std Dev | 26.35% | 14.90% |
| Max Drawdown | -53.19% | -32.14% |
| Current Drawdown | -28.57% | -4.82% |
Correlation
The correlation between RYN and QQQE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RYN vs. QQQE - Performance Comparison
In the year-to-date period, RYN achieves a -9.10% return, which is significantly lower than QQQE's 0.63% return. Over the past 10 years, RYN has underperformed QQQE with an annualized return of 2.52%, while QQQE has yielded a comparatively higher 13.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
RYN vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayonier Inc. (RYN) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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
RYN vs. QQQE - Dividend Comparison
RYN's dividend yield for the trailing twelve months is around 4.45%, more than QQQE's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYN Rayonier Inc. | 4.45% | 4.01% | 3.41% | 2.68% | 3.68% | 3.30% | 3.83% | 3.16% | 3.76% | 4.50% | 6.34% | 4.36% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.89% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
RYN vs. QQQE - Drawdown Comparison
The maximum RYN drawdown since its inception was -53.19%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for RYN and QQQE. For additional features, visit the drawdowns tool.
Volatility
RYN vs. QQQE - Volatility Comparison
Rayonier Inc. (RYN) has a higher volatility of 5.56% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.55%. This indicates that RYN's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.