SMMT vs. QQQ
Compare and contrast key facts about Summit Therapeutics Inc. (SMMT) 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: SMMT or QQQ.
Correlation
The correlation between SMMT and QQQ is 0.16, 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
SMMT vs. QQQ - Performance Comparison
Key characteristics
SMMT:
2.01
QQQ:
0.15
SMMT:
5.67
QQQ:
0.38
SMMT:
1.72
QQQ:
1.05
SMMT:
7.00
QQQ:
0.16
SMMT:
19.15
QQQ:
0.58
SMMT:
31.09%
QQQ:
6.25%
SMMT:
296.68%
QQQ:
24.88%
SMMT:
-95.75%
QQQ:
-82.98%
SMMT:
-22.93%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, SMMT achieves a 37.91% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, SMMT has underperformed QQQ with an annualized return of 7.84%, while QQQ has yielded a comparatively higher 16.13% annualized return.
SMMT
37.91%
22.38%
16.03%
601.14%
43.16%
7.84%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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Risk-Adjusted Performance
SMMT vs. QQQ — Risk-Adjusted Performance Rank
SMMT
QQQ
SMMT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Summit Therapeutics Inc. (SMMT) 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
SMMT vs. QQQ - Dividend Comparison
SMMT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMT Summit Therapeutics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SMMT vs. QQQ - Drawdown Comparison
The maximum SMMT drawdown since its inception was -95.75%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SMMT and QQQ. For additional features, visit the drawdowns tool.
Volatility
SMMT vs. QQQ - Volatility Comparison
Summit Therapeutics Inc. (SMMT) has a higher volatility of 31.43% compared to Invesco QQQ (QQQ) at 16.19%. This indicates that SMMT'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.