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.
Performance
SOL-USD vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SOL-USD achieves a 152.71% return, which is significantly higher than QQQ's 24.04% return.
SOL-USD
152.71%
50.07%
52.87%
353.22%
N/A
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| SOL-USD | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.76 | 1.76 |
| Sortino Ratio | 1.54 | 2.35 |
| Omega Ratio | 1.15 | 1.32 |
| Calmar Ratio | 0.52 | 2.25 |
| Martin Ratio | 2.60 | 8.18 |
| Ulcer Index | 24.32% | 3.74% |
| Daily Std Dev | 71.14% | 17.36% |
| Max Drawdown | -96.27% | -82.98% |
| Current Drawdown | -0.93% | -1.62% |
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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.
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 23.64% compared to Invesco QQQ (QQQ) at 5.38%. 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.