SCCO vs. QQQ
Compare and contrast key facts about Southern Copper Corporation (SCCO) 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: SCCO or QQQ.
Correlation
The correlation between SCCO and QQQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCCO vs. QQQ - Performance Comparison
Key characteristics
SCCO:
-0.26
QQQ:
0.47
SCCO:
-0.11
QQQ:
0.82
SCCO:
0.99
QQQ:
1.11
SCCO:
-0.27
QQQ:
0.52
SCCO:
-0.53
QQQ:
1.79
SCCO:
20.13%
QQQ:
6.64%
SCCO:
40.54%
QQQ:
25.28%
SCCO:
-78.60%
QQQ:
-82.98%
SCCO:
-24.20%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, SCCO achieves a 4.97% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, SCCO has underperformed QQQ with an annualized return of 15.47%, while QQQ has yielded a comparatively higher 16.64% annualized return.
SCCO
4.97%
-3.50%
-16.09%
-12.38%
31.20%
15.47%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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Risk-Adjusted Performance
SCCO vs. QQQ — Risk-Adjusted Performance Rank
SCCO
QQQ
SCCO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Southern Copper Corporation (SCCO) 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
SCCO vs. QQQ - Dividend Comparison
SCCO's dividend yield for the trailing twelve months is around 2.11%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCCO Southern Copper Corporation | 2.11% | 2.29% | 4.65% | 5.80% | 5.19% | 2.30% | 4.81% | 4.55% | 1.24% | 0.56% | 1.30% | 1.63% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SCCO vs. QQQ - Drawdown Comparison
The maximum SCCO drawdown since its inception was -78.60%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SCCO and QQQ. For additional features, visit the drawdowns tool.
Volatility
SCCO vs. QQQ - Volatility Comparison
Southern Copper Corporation (SCCO) has a higher volatility of 20.51% compared to Invesco QQQ (QQQ) at 16.86%. This indicates that SCCO'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.