TMO vs. QQQ
Compare and contrast key facts about Thermo Fisher Scientific Inc. (TMO) 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: TMO or QQQ.
Key characteristics
| TMO | QQQ | |
|---|---|---|
| YTD Return | 7.91% | 6.48% |
| 1Y Return | 5.18% | 38.66% |
| 3Y Return (Ann) | 7.41% | 10.38% |
| 5Y Return (Ann) | 15.77% | 18.72% |
| 10Y Return (Ann) | 17.87% | 18.51% |
| Sharpe Ratio | 0.20 | 2.33 |
| Daily Std Dev | 21.28% | 16.36% |
| Max Drawdown | -71.16% | -82.98% |
| Current Drawdown | -13.74% | -2.44% |
Correlation
The correlation between TMO and QQQ is 0.55, 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
TMO vs. QQQ - Performance Comparison
In the year-to-date period, TMO achieves a 7.91% return, which is significantly higher than QQQ's 6.48% return. Both investments have delivered pretty close results over the past 10 years, with TMO having a 17.87% annualized return and QQQ not far ahead at 18.51%. 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
TMO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thermo Fisher Scientific Inc. (TMO) 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
TMO vs. QQQ - Dividend Comparison
TMO's dividend yield for the trailing twelve months is around 0.25%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMO Thermo Fisher Scientific Inc. | 0.25% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% | 0.48% | 0.54% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TMO vs. QQQ - Drawdown Comparison
The maximum TMO drawdown since its inception was -71.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TMO and QQQ. For additional features, visit the drawdowns tool.
Volatility
TMO vs. QQQ - Volatility Comparison
Thermo Fisher Scientific Inc. (TMO) has a higher volatility of 7.12% compared to Invesco QQQ (QQQ) at 5.81%. This indicates that TMO'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.