TWIN vs. QQQ
Compare and contrast key facts about Twin Disc, Incorporated (TWIN) 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: TWIN or QQQ.
Key characteristics
| TWIN | QQQ | |
|---|---|---|
| YTD Return | -22.36% | 18.15% |
| 1Y Return | -4.04% | 35.55% |
| 3Y Return (Ann) | 7.26% | 10.33% |
| 5Y Return (Ann) | 1.36% | 21.22% |
| 10Y Return (Ann) | -7.29% | 18.16% |
| Sharpe Ratio | -0.11 | 1.86 |
| Daily Std Dev | 44.17% | 17.79% |
| Max Drawdown | -89.97% | -82.98% |
| Current Drawdown | -69.82% | -4.08% |
Correlation
The correlation between TWIN and QQQ is 0.27, 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
TWIN vs. QQQ - Performance Comparison
In the year-to-date period, TWIN achieves a -22.36% return, which is significantly lower than QQQ's 18.15% return. Over the past 10 years, TWIN has underperformed QQQ with an annualized return of -7.29%, while QQQ has yielded a comparatively higher 18.16% 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
TWIN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Twin Disc, Incorporated (TWIN) 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
TWIN vs. QQQ - Dividend Comparison
TWIN's dividend yield for the trailing twelve months is around 1.29%, more than QQQ's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWIN Twin Disc, Incorporated | 1.29% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.42% | 1.81% | 1.39% |
QQQ Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TWIN vs. QQQ - Drawdown Comparison
The maximum TWIN drawdown since its inception was -89.97%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TWIN and QQQ. For additional features, visit the drawdowns tool.
Volatility
TWIN vs. QQQ - Volatility Comparison
Twin Disc, Incorporated (TWIN) has a higher volatility of 13.76% compared to Invesco QQQ (QQQ) at 6.43%. This indicates that TWIN'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.