STM vs. QQQ
Compare and contrast key facts about STMicroelectronics N.V. (STM) 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: STM or QQQ.
Key characteristics
| STM | QQQ | |
|---|---|---|
| YTD Return | -20.88% | 3.53% |
| 1Y Return | -19.64% | 33.74% |
| 3Y Return (Ann) | 1.65% | 8.40% |
| 5Y Return (Ann) | 17.21% | 18.54% |
| 10Y Return (Ann) | 18.23% | 18.17% |
| Sharpe Ratio | -0.66 | 2.08 |
| Daily Std Dev | 32.23% | 16.18% |
| Max Drawdown | -94.40% | -82.98% |
| Current Drawdown | -26.67% | -5.15% |
Correlation
The correlation between STM and QQQ is 0.66, 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
STM vs. QQQ - Performance Comparison
In the year-to-date period, STM achieves a -20.88% return, which is significantly lower than QQQ's 3.53% return. Both investments have delivered pretty close results over the past 10 years, with STM having a 18.23% annualized return and QQQ not far behind at 18.17%. 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
STM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for STMicroelectronics N.V. (STM) 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
STM vs. QQQ - Dividend Comparison
STM's dividend yield for the trailing twelve months is around 0.61%, less than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STM STMicroelectronics N.V. | 0.61% | 0.48% | 0.82% | 0.45% | 0.50% | 0.89% | 1.73% | 1.10% | 2.33% | 5.11% | 4.55% | 4.25% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
STM vs. QQQ - Drawdown Comparison
The maximum STM drawdown since its inception was -94.40%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for STM and QQQ. For additional features, visit the drawdowns tool.
Volatility
STM vs. QQQ - Volatility Comparison
STMicroelectronics N.V. (STM) has a higher volatility of 7.98% compared to Invesco QQQ (QQQ) at 4.17%. This indicates that STM'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.