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.
Key characteristics
TPVG | QQQ | |
---|---|---|
YTD Return | -10.85% | 9.03% |
1Y Return | 2.70% | 37.37% |
3Y Return (Ann) | -2.71% | 11.70% |
5Y Return (Ann) | 3.85% | 20.11% |
10Y Return (Ann) | 7.05% | 18.68% |
Sharpe Ratio | 0.16 | 2.35 |
Daily Std Dev | 27.90% | 16.21% |
Max Drawdown | -81.79% | -82.98% |
Current Drawdown | -32.70% | -0.10% |
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
In the year-to-date period, TPVG achieves a -10.85% return, which is significantly lower than QQQ's 9.03% return. Over the past 10 years, TPVG has underperformed QQQ with an annualized return of 7.05%, while QQQ has yielded a comparatively higher 18.68% 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
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 17.22%, more than QQQ's 0.59% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TriplePoint Venture Growth BDC Corp. | 17.22% | 14.73% | 14.73% | 7.96% | 11.70% | 10.03% | 13.89% | 11.14% | 12.00% | 11.82% | 8.06% | 0.00% |
Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TPVG vs. QQQ - Drawdown Comparison
The maximum TPVG drawdown since its inception was -81.79%, 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 6.03% compared to Invesco QQQ (QQQ) at 4.93%. 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.