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 0.37, 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
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Key characteristics
TPVG:
-0.40
QQQ:
0.64
TPVG:
-0.41
QQQ:
1.12
TPVG:
0.95
QQQ:
1.16
TPVG:
-0.29
QQQ:
0.78
TPVG:
-0.97
QQQ:
2.53
TPVG:
15.35%
QQQ:
6.98%
TPVG:
34.70%
QQQ:
25.46%
TPVG:
-81.78%
QQQ:
-82.98%
TPVG:
-42.71%
QQQ:
-3.19%
Returns By Period
In the year-to-date period, TPVG achieves a -5.23% return, which is significantly lower than QQQ's 2.16% return. Over the past 10 years, TPVG has underperformed QQQ with an annualized return of 5.20%, while QQQ has yielded a comparatively higher 17.81% annualized return.
TPVG
-5.23%
12.21%
-8.04%
-15.96%
8.39%
5.20%
QQQ
2.16%
17.43%
5.35%
16.14%
18.86%
17.81%
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Risk-Adjusted Performance
TPVG vs. QQQ — Risk-Adjusted Performance Rank
TPVG
QQQ
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.
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Dividends
TPVG vs. QQQ - Dividend Comparison
TPVG's dividend yield for the trailing twelve months is around 19.37%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPVG TriplePoint Venture Growth BDC Corp. | 19.37% | 18.97% | 14.73% | 14.86% | 8.02% | 11.81% | 10.13% | 14.14% | 11.35% | 12.22% | 12.04% | 8.22% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
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Volatility
TPVG vs. QQQ - Volatility Comparison
TriplePoint Venture Growth BDC Corp. (TPVG) has a higher volatility of 11.47% compared to Invesco QQQ (QQQ) at 6.50%. 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.
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