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TECH vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Bio-Techne Corporation (TECH) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

TECH:

47.29%

QQQ:

25.14%

Max Drawdown

TECH:

-4.18%

QQQ:

-82.98%

Current Drawdown

TECH:

0.00%

QQQ:

-9.42%

Returns By Period


TECH

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

QQQ

YTD

-4.41%

1M

7.39%

6M

-4.80%

1Y

11.06%

5Y*

17.86%

10Y*

17.08%

*Annualized

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Risk-Adjusted Performance

TECH vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECH
The Risk-Adjusted Performance Rank of TECH is 99
Overall Rank
The Sharpe Ratio Rank of TECH is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of TECH is 99
Sortino Ratio Rank
The Omega Ratio Rank of TECH is 1111
Omega Ratio Rank
The Calmar Ratio Rank of TECH is 1616
Calmar Ratio Rank
The Martin Ratio Rank of TECH is 22
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5757
Overall Rank
The Sharpe Ratio Rank of QQQ is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5757
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


TTM20242023202220212020201920182017201620152014
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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