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 0.46, 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
SKT vs. QQQ - Performance Comparison
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Key characteristics
SKT:
0.54
QQQ:
0.60
SKT:
0.85
QQQ:
1.03
SKT:
1.11
QQQ:
1.14
SKT:
0.67
QQQ:
0.69
SKT:
1.73
QQQ:
2.26
SKT:
7.68%
QQQ:
6.99%
SKT:
26.35%
QQQ:
25.46%
SKT:
-87.32%
QQQ:
-82.98%
SKT:
-16.35%
QQQ:
-3.42%
Returns By Period
In the year-to-date period, SKT achieves a -9.07% return, which is significantly lower than QQQ's 1.92% return. Over the past 10 years, SKT has underperformed QQQ with an annualized return of 4.04%, while QQQ has yielded a comparatively higher 17.68% annualized return.
SKT
-9.07%
-5.10%
-15.00%
14.02%
29.06%
42.83%
4.04%
QQQ
1.92%
17.15%
3.66%
15.07%
22.52%
18.59%
17.68%
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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.
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Dividends
SKT vs. QQQ - Dividend Comparison
SKT's dividend yield for the trailing twelve months is around 3.67%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKT Tanger Factory Outlet Centers, Inc. | 3.67% | 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 | 0.57% | 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.
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Volatility
SKT vs. QQQ - Volatility Comparison
Tanger Factory Outlet Centers, Inc. (SKT) has a higher volatility of 9.65% compared to Invesco QQQ (QQQ) at 5.64%. 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.
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