Correlation
The correlation between TGB and QQQ is 0.27, 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.
TGB vs. QQQ
Compare and contrast key facts about Taseko Mines Limited (TGB) 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: TGB or QQQ.
Performance
TGB vs. QQQ - Performance Comparison
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Key characteristics
TGB:
-0.34
QQQ:
0.62
TGB:
-0.22
QQQ:
0.92
TGB:
0.97
QQQ:
1.13
TGB:
-0.28
QQQ:
0.60
TGB:
-1.03
QQQ:
1.94
TGB:
23.67%
QQQ:
7.02%
TGB:
61.25%
QQQ:
25.59%
TGB:
-98.58%
QQQ:
-82.98%
TGB:
-83.78%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, TGB achieves a 14.95% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, TGB has underperformed QQQ with an annualized return of 13.49%, while QQQ has yielded a comparatively higher 17.69% annualized return.
TGB
14.95%
0.90%
8.25%
-19.20%
11.94%
41.22%
13.49%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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Risk-Adjusted Performance
TGB vs. QQQ — Risk-Adjusted Performance Rank
TGB
QQQ
TGB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Taseko Mines Limited (TGB) 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
TGB vs. QQQ - Dividend Comparison
TGB 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TGB Taseko Mines Limited | 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
TGB vs. QQQ - Drawdown Comparison
The maximum TGB drawdown since its inception was -98.58%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TGB and QQQ.
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Volatility
TGB vs. QQQ - Volatility Comparison
Taseko Mines Limited (TGB) has a higher volatility of 16.74% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that TGB'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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