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:
1.24
QQQ:
1.64
SKT:
1.81
QQQ:
2.19
SKT:
1.23
QQQ:
1.30
SKT:
2.33
QQQ:
2.16
SKT:
5.48
QQQ:
7.79
SKT:
4.94%
QQQ:
3.76%
SKT:
21.84%
QQQ:
17.85%
SKT:
-87.32%
QQQ:
-82.98%
SKT:
-7.44%
QQQ:
-3.63%
Returns By Period
The year-to-date returns for both stocks are quite close, with SKT having a 28.49% return and QQQ slightly lower at 27.20%. Over the past 10 years, SKT has underperformed QQQ with an annualized return of 4.35%, while QQQ has yielded a comparatively higher 18.36% annualized return.
SKT
28.49%
-6.35%
31.64%
27.03%
24.89%
4.35%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
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 3.16%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKT Tanger Factory Outlet Centers, Inc. | 3.16% | 3.50% | 4.48% | 3.72% | 7.16% | 9.61% | 6.89% | 5.11% | 3.52% | 3.99% | 2.56% | 2.76% |
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
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
The current volatility for Tanger Factory Outlet Centers, Inc. (SKT) is 3.72%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that SKT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.