Correlation
The correlation between SMP and QQQ is 0.41, 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.
SMP vs. QQQ
Compare and contrast key facts about Standard Motor Products, Inc. (SMP) 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: SMP or QQQ.
Performance
SMP vs. QQQ - Performance Comparison
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Key characteristics
SMP:
0.12
QQQ:
0.62
SMP:
0.43
QQQ:
0.92
SMP:
1.05
QQQ:
1.13
SMP:
0.05
QQQ:
0.60
SMP:
0.19
QQQ:
1.94
SMP:
14.35%
QQQ:
7.02%
SMP:
37.55%
QQQ:
25.59%
SMP:
-93.44%
QQQ:
-82.98%
SMP:
-37.83%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, SMP achieves a -0.17% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, SMP has underperformed QQQ with an annualized return of 0.54%, while QQQ has yielded a comparatively higher 17.69% annualized return.
SMP
-0.17%
12.98%
-5.94%
4.58%
-5.71%
-3.92%
0.54%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
SMP vs. QQQ — Risk-Adjusted Performance Rank
SMP
QQQ
SMP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Standard Motor Products, Inc. (SMP) 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
SMP vs. QQQ - Dividend Comparison
SMP's dividend yield for the trailing twelve months is around 3.96%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMP Standard Motor Products, Inc. | 3.96% | 3.74% | 2.91% | 3.10% | 1.91% | 1.24% | 1.73% | 1.73% | 1.69% | 1.28% | 1.58% | 1.36% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SMP vs. QQQ - Drawdown Comparison
The maximum SMP drawdown since its inception was -93.44%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SMP and QQQ.
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Volatility
SMP vs. QQQ - Volatility Comparison
Standard Motor Products, Inc. (SMP) has a higher volatility of 7.51% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that SMP'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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