TYL vs. QQQ
Compare and contrast key facts about Tyler Technologies, Inc. (TYL) 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: TYL or QQQ.
Performance
TYL vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, TYL achieves a 42.81% return, which is significantly higher than QQQ's 21.78% return. Both investments have delivered pretty close results over the past 10 years, with TYL having a 18.70% annualized return and QQQ not far behind at 17.95%.
TYL
42.81%
1.21%
22.07%
42.96%
15.98%
18.70%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| TYL | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.89 | 1.70 |
| Sortino Ratio | 3.08 | 2.29 |
| Omega Ratio | 1.38 | 1.31 |
| Calmar Ratio | 1.55 | 2.19 |
| Martin Ratio | 13.73 | 7.96 |
| Ulcer Index | 3.13% | 3.72% |
| Daily Std Dev | 22.74% | 17.39% |
| Max Drawdown | -90.10% | -82.98% |
| Current Drawdown | -4.19% | -3.42% |
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Correlation
The correlation between TYL and QQQ is 0.46, 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.
Risk-Adjusted Performance
TYL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tyler Technologies, Inc. (TYL) 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
TYL vs. QQQ - Dividend Comparison
TYL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYL Tyler Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TYL vs. QQQ - Drawdown Comparison
The maximum TYL drawdown since its inception was -90.10%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TYL and QQQ. For additional features, visit the drawdowns tool.
Volatility
TYL vs. QQQ - Volatility Comparison
Tyler Technologies, Inc. (TYL) has a higher volatility of 7.15% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that TYL'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.