SNV vs. QQQ
Compare and contrast key facts about Synovus Financial Corp. (SNV) 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: SNV or QQQ.
Key characteristics
| SNV | QQQ | |
|---|---|---|
| YTD Return | 52.19% | 24.75% |
| 1Y Return | 90.12% | 32.82% |
| 3Y Return (Ann) | 8.26% | 9.58% |
| 5Y Return (Ann) | 12.39% | 21.02% |
| 10Y Return (Ann) | 11.33% | 18.32% |
| Sharpe Ratio | 2.58 | 1.91 |
| Sortino Ratio | 3.51 | 2.55 |
| Omega Ratio | 1.44 | 1.35 |
| Calmar Ratio | 1.75 | 2.43 |
| Martin Ratio | 15.54 | 8.85 |
| Ulcer Index | 6.24% | 3.72% |
| Daily Std Dev | 37.64% | 17.21% |
| Max Drawdown | -92.46% | -82.98% |
| Current Drawdown | -13.31% | -1.06% |
Correlation
The correlation between SNV and QQQ is 0.42, 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
SNV vs. QQQ - Performance Comparison
In the year-to-date period, SNV achieves a 52.19% return, which is significantly higher than QQQ's 24.75% return. Over the past 10 years, SNV has underperformed QQQ with an annualized return of 11.33%, while QQQ has yielded a comparatively higher 18.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SNV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Synovus Financial Corp. (SNV) 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
SNV vs. QQQ - Dividend Comparison
SNV's dividend yield for the trailing twelve months is around 2.73%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNV Synovus Financial Corp. | 2.73% | 4.04% | 3.62% | 2.76% | 4.08% | 3.06% | 3.13% | 1.25% | 1.17% | 1.30% | 1.14% | 1.11% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SNV vs. QQQ - Drawdown Comparison
The maximum SNV drawdown since its inception was -92.46%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SNV and QQQ. For additional features, visit the drawdowns tool.
Volatility
SNV vs. QQQ - Volatility Comparison
Synovus Financial Corp. (SNV) has a higher volatility of 19.07% compared to Invesco QQQ (QQQ) at 4.99%. This indicates that SNV'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.