Correlation
The correlation between SOND and QQQ is 0.26, 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.
SOND vs. QQQ
Compare and contrast key facts about Sonder Holdings Inc. (SOND) 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: SOND or QQQ.
Performance
SOND vs. QQQ - Performance Comparison
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Key characteristics
SOND:
-0.25
QQQ:
0.62
SOND:
0.88
QQQ:
0.92
SOND:
1.11
QQQ:
1.13
SOND:
-0.44
QQQ:
0.60
SOND:
-0.77
QQQ:
1.94
SOND:
56.11%
QQQ:
7.02%
SOND:
185.10%
QQQ:
25.59%
SOND:
-99.43%
QQQ:
-82.98%
SOND:
-99.17%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, SOND achieves a -44.34% return, which is significantly lower than QQQ's 1.69% return.
SOND
-44.34%
-19.55%
-52.55%
-46.04%
-65.99%
N/A
N/A
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
SOND vs. QQQ — Risk-Adjusted Performance Rank
SOND
QQQ
SOND vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sonder Holdings Inc. (SOND) 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
SOND vs. QQQ - Dividend Comparison
SOND has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SOND Sonder Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SOND vs. QQQ - Drawdown Comparison
The maximum SOND drawdown since its inception was -99.43%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SOND and QQQ.
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Volatility
SOND vs. QQQ - Volatility Comparison
Sonder Holdings Inc. (SOND) has a higher volatility of 13.91% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that SOND'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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