SKT vs. QQQ
Compare and contrast key facts about Tanger Factory Outlet Centers, Inc. (SKT) 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: SKT or QQQ.
Correlation
The correlation between SKT and QQQ is 0.35, 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
SKT vs. QQQ - Performance Comparison
Key characteristics
SKT:
1.33
QQQ:
1.30
SKT:
1.95
QQQ:
1.78
SKT:
1.24
QQQ:
1.24
SKT:
2.37
QQQ:
1.76
SKT:
4.79
QQQ:
6.08
SKT:
6.00%
QQQ:
3.92%
SKT:
21.64%
QQQ:
18.35%
SKT:
-87.32%
QQQ:
-82.98%
SKT:
-2.67%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, SKT achieves a 5.80% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, SKT has underperformed QQQ with an annualized return of 5.11%, while QQQ has yielded a comparatively higher 18.06% annualized return.
SKT
5.80%
10.59%
22.90%
27.37%
28.71%
5.11%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
SKT vs. QQQ — Risk-Adjusted Performance Rank
SKT
QQQ
SKT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tanger Factory Outlet Centers, Inc. (SKT) 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
SKT vs. QQQ - Dividend Comparison
SKT's dividend yield for the trailing twelve months is around 3.07%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKT Tanger Factory Outlet Centers, Inc. | 3.07% | 3.18% | 3.50% | 4.48% | 3.72% | 7.16% | 9.61% | 6.89% | 5.11% | 3.52% | 3.99% | 2.56% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SKT vs. QQQ - Drawdown Comparison
The maximum SKT drawdown since its inception was -87.32%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SKT and QQQ. For additional features, visit the drawdowns tool.
Volatility
SKT vs. QQQ - Volatility Comparison
Tanger Factory Outlet Centers, Inc. (SKT) has a higher volatility of 7.08% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that SKT'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.