TPVG vs. QQQ
Compare and contrast key facts about TriplePoint Venture Growth BDC Corp. (TPVG) 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: TPVG or QQQ.
Correlation
The correlation between TPVG and QQQ is 0.31, 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
TPVG vs. QQQ - Performance Comparison
Key characteristics
TPVG:
-0.72
QQQ:
1.63
TPVG:
-0.86
QQQ:
2.18
TPVG:
0.88
QQQ:
1.29
TPVG:
-0.45
QQQ:
2.15
TPVG:
-1.05
QQQ:
7.73
TPVG:
20.99%
QQQ:
3.76%
TPVG:
30.88%
QQQ:
17.84%
TPVG:
-81.78%
QQQ:
-82.98%
TPVG:
-42.91%
QQQ:
-3.77%
Returns By Period
In the year-to-date period, TPVG achieves a -24.45% return, which is significantly lower than QQQ's 27.01% return. Over the past 10 years, TPVG has underperformed QQQ with an annualized return of 4.93%, while QQQ has yielded a comparatively higher 18.29% annualized return.
TPVG
-24.45%
-9.28%
-9.28%
-22.08%
-1.38%
4.93%
QQQ
27.01%
2.87%
7.89%
29.11%
20.41%
18.29%
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Risk-Adjusted Performance
TPVG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TriplePoint Venture Growth BDC Corp. (TPVG) 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
TPVG vs. QQQ - Dividend Comparison
TPVG's dividend yield for the trailing twelve months is around 20.09%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPVG TriplePoint Venture Growth BDC Corp. | 20.09% | 14.73% | 14.86% | 8.02% | 11.81% | 10.13% | 14.14% | 11.35% | 12.22% | 12.04% | 8.22% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TPVG vs. QQQ - Drawdown Comparison
The maximum TPVG drawdown since its inception was -81.78%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TPVG and QQQ. For additional features, visit the drawdowns tool.
Volatility
TPVG vs. QQQ - Volatility Comparison
TriplePoint Venture Growth BDC Corp. (TPVG) has a higher volatility of 11.33% compared to Invesco QQQ (QQQ) at 5.27%. This indicates that TPVG'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.