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.
Key characteristics
| SOL-USD | QQQ | |
|---|---|---|
| YTD Return | 35.77% | 4.38% |
| 1Y Return | 520.28% | 35.44% |
| 3Y Return (Ann) | 43.93% | 8.99% |
| Sharpe Ratio | 14.67 | 2.12 |
| Daily Std Dev | 75.61% | 16.27% |
| Max Drawdown | -96.27% | -82.98% |
| Current Drawdown | -46.78% | -4.36% |
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
In the year-to-date period, SOL-USD achieves a 35.77% return, which is significantly higher than QQQ's 4.38% 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
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 27.08% compared to Invesco QQQ (QQQ) at 5.59%. 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.