TX vs. QQQ
Compare and contrast key facts about Ternium S.A. (TX) 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: TX or QQQ.
Correlation
The correlation between TX and QQQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TX vs. QQQ - Performance Comparison
Key characteristics
TX:
-1.01
QQQ:
1.64
TX:
-1.45
QQQ:
2.19
TX:
0.84
QQQ:
1.30
TX:
-0.78
QQQ:
2.16
TX:
-1.69
QQQ:
7.79
TX:
15.69%
QQQ:
3.76%
TX:
26.26%
QQQ:
17.85%
TX:
-89.66%
QQQ:
-82.98%
TX:
-34.12%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, TX achieves a -26.14% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, TX has underperformed QQQ with an annualized return of 11.58%, while QQQ has yielded a comparatively higher 18.36% annualized return.
TX
-26.14%
-13.21%
-18.99%
-26.55%
13.95%
11.58%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
TX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ternium S.A. (TX) 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
TX vs. QQQ - Dividend Comparison
TX's dividend yield for the trailing twelve months is around 10.70%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TX Ternium S.A. | 10.70% | 6.83% | 8.84% | 6.66% | 4.13% | 5.45% | 4.06% | 3.17% | 3.73% | 7.24% | 4.25% | 2.08% |
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
TX vs. QQQ - Drawdown Comparison
The maximum TX drawdown since its inception was -89.66%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TX and QQQ. For additional features, visit the drawdowns tool.
Volatility
TX vs. QQQ - Volatility Comparison
Ternium S.A. (TX) has a higher volatility of 8.58% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that TX'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.