TECK-B.TO vs. QQQ
Compare and contrast key facts about Teck Resources Limited (TECK-B.TO) 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: TECK-B.TO or QQQ.
Key characteristics
| TECK-B.TO | QQQ | |
|---|---|---|
| YTD Return | 14.03% | 15.96% |
| 1Y Return | 9.50% | 28.44% |
| 3Y Return (Ann) | 27.98% | 8.94% |
| 5Y Return (Ann) | 23.31% | 20.55% |
| 10Y Return (Ann) | 12.49% | 17.81% |
| Sharpe Ratio | 0.22 | 1.62 |
| Daily Std Dev | 34.71% | 17.68% |
| Max Drawdown | -99.80% | -82.98% |
| Current Drawdown | -95.45% | -5.86% |
Correlation
The correlation between TECK-B.TO and QQQ is 0.33, 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.
Performance
TECK-B.TO vs. QQQ - Performance Comparison
In the year-to-date period, TECK-B.TO achieves a 14.03% return, which is significantly lower than QQQ's 15.96% return. Over the past 10 years, TECK-B.TO has underperformed QQQ with an annualized return of 12.49%, while QQQ has yielded a comparatively higher 17.81% annualized return. 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
TECK-B.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teck Resources Limited (TECK-B.TO) 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
TECK-B.TO vs. QQQ - Dividend Comparison
TECK-B.TO's dividend yield for the trailing twelve months is around 0.58%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECK-B.TO Teck Resources Limited | 0.58% | 1.15% | 1.32% | 0.44% | 0.65% | 0.67% | 0.52% | 0.47% | 0.28% | 2.91% | 5.07% | 3.07% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TECK-B.TO vs. QQQ - Drawdown Comparison
The maximum TECK-B.TO drawdown since its inception was -99.80%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TECK-B.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
TECK-B.TO vs. QQQ - Volatility Comparison
Teck Resources Limited (TECK-B.TO) has a higher volatility of 10.67% compared to Invesco QQQ (QQQ) at 6.05%. This indicates that TECK-B.TO'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.