TECH vs. QQQ
Compare and contrast key facts about Bio-Techne Corporation (TECH) 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: TECH or QQQ.
Correlation
The correlation between TECH and QQQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TECH vs. QQQ - Performance Comparison
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Key characteristics
TECH:
47.29%
QQQ:
25.14%
TECH:
-4.18%
QQQ:
-82.98%
TECH:
0.00%
QQQ:
-9.42%
Returns By Period
TECH
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
-4.41%
7.39%
-4.80%
11.06%
17.86%
17.08%
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Risk-Adjusted Performance
TECH vs. QQQ — Risk-Adjusted Performance Rank
TECH
QQQ
TECH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bio-Techne Corporation (TECH) 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
TECH vs. QQQ - Dividend Comparison
TECH's dividend yield for the trailing twelve months is around 0.48%, less than QQQ's 0.61% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TECH Bio-Techne Corporation | 0.48% | 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 | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TECH vs. QQQ - Drawdown Comparison
The maximum TECH drawdown since its inception was -4.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TECH and QQQ. For additional features, visit the drawdowns tool.
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Volatility
TECH vs. QQQ - Volatility Comparison
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