SOL-USD vs. QQQ
Compare and contrast key facts about Solana (SOL-USD) 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: SOL-USD or QQQ.
Correlation
The correlation between SOL-USD and QQQ is 0.23, 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
SOL-USD vs. QQQ - Performance Comparison
Key characteristics
SOL-USD:
0.56
QQQ:
1.28
SOL-USD:
1.35
QQQ:
1.76
SOL-USD:
1.12
QQQ:
1.23
SOL-USD:
0.32
QQQ:
1.74
SOL-USD:
2.51
QQQ:
6.05
SOL-USD:
17.69%
QQQ:
3.91%
SOL-USD:
68.52%
QQQ:
18.45%
SOL-USD:
-96.27%
QQQ:
-82.98%
SOL-USD:
-12.95%
QQQ:
-3.07%
Returns By Period
In the year-to-date period, SOL-USD achieves a 20.44% return, which is significantly higher than QQQ's 1.88% return.
SOL-USD
20.44%
19.33%
32.66%
124.64%
N/A
N/A
QQQ
1.88%
1.01%
10.90%
23.19%
19.76%
18.80%
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Risk-Adjusted Performance
SOL-USD vs. QQQ — Risk-Adjusted Performance Rank
SOL-USD
QQQ
SOL-USD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.
Drawdowns
SOL-USD vs. QQQ - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SOL-USD and QQQ. For additional features, visit the drawdowns tool.
Volatility
SOL-USD vs. QQQ - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 27.46% compared to Invesco QQQ (QQQ) at 5.77%. This indicates that SOL-USD'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.