TVK.TO vs. QQQ
Compare and contrast key facts about TerraVest Industries Inc. (TVK.TO) 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: TVK.TO or QQQ.
Key characteristics
| TVK.TO | QQQ | |
|---|---|---|
| YTD Return | 141.55% | 19.19% |
| 1Y Return | 178.97% | 33.08% |
| 3Y Return (Ann) | 62.53% | 7.58% |
| 5Y Return (Ann) | 57.43% | 20.31% |
| 10Y Return (Ann) | 37.91% | 17.95% |
| Sharpe Ratio | 5.02 | 2.01 |
| Sortino Ratio | 6.71 | 2.66 |
| Omega Ratio | 1.79 | 1.36 |
| Calmar Ratio | 13.48 | 2.56 |
| Martin Ratio | 42.14 | 9.32 |
| Ulcer Index | 4.44% | 3.72% |
| Daily Std Dev | 37.26% | 17.23% |
| Max Drawdown | -84.29% | -82.98% |
| Current Drawdown | 0.00% | -3.23% |
Correlation
The correlation between TVK.TO and QQQ is 0.14, 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
TVK.TO vs. QQQ - Performance Comparison
In the year-to-date period, TVK.TO achieves a 141.55% return, which is significantly higher than QQQ's 19.19% return. Over the past 10 years, TVK.TO has outperformed QQQ with an annualized return of 37.91%, while QQQ has yielded a comparatively lower 17.95% 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
TVK.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TerraVest Industries Inc. (TVK.TO) 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
TVK.TO vs. QQQ - Dividend Comparison
TVK.TO's dividend yield for the trailing twelve months is around 0.56%, less than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVK.TO TerraVest Industries Inc. | 0.56% | 1.19% | 1.54% | 1.46% | 2.50% | 3.08% | 3.94% | 4.28% | 4.49% | 5.63% | 8.26% | 7.36% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TVK.TO vs. QQQ - Drawdown Comparison
The maximum TVK.TO drawdown since its inception was -84.29%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TVK.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
TVK.TO vs. QQQ - Volatility Comparison
TerraVest Industries Inc. (TVK.TO) has a higher volatility of 7.56% compared to Invesco QQQ (QQQ) at 4.47%. This indicates that TVK.TO'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.