UHS vs. QQQ
Compare and contrast key facts about Universal Health Services, Inc. (UHS) 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: UHS or QQQ.
Key characteristics
| UHS | QQQ | |
|---|---|---|
| YTD Return | 17.51% | 9.03% |
| 1Y Return | 30.33% | 37.37% |
| 3Y Return (Ann) | 4.48% | 11.70% |
| 5Y Return (Ann) | 8.56% | 20.11% |
| 10Y Return (Ann) | 8.21% | 18.68% |
| Sharpe Ratio | 1.20 | 2.35 |
| Daily Std Dev | 24.22% | 16.21% |
| Max Drawdown | -84.90% | -82.98% |
| Current Drawdown | -1.95% | -0.10% |
Correlation
The correlation between UHS 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
UHS vs. QQQ - Performance Comparison
In the year-to-date period, UHS achieves a 17.51% return, which is significantly higher than QQQ's 9.03% return. Over the past 10 years, UHS has underperformed QQQ with an annualized return of 8.21%, 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
UHS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Universal Health Services, Inc. (UHS) 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
UHS vs. QQQ - Dividend Comparison
UHS's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UHS Universal Health Services, Inc. | 0.45% | 0.52% | 0.57% | 0.62% | 0.15% | 0.42% | 0.34% | 0.35% | 0.38% | 0.33% | 0.27% | 0.25% |
QQQ 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
UHS vs. QQQ - Drawdown Comparison
The maximum UHS drawdown since its inception was -84.90%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UHS and QQQ. For additional features, visit the drawdowns tool.
Volatility
UHS vs. QQQ - Volatility Comparison
Universal Health Services, Inc. (UHS) has a higher volatility of 8.44% compared to Invesco QQQ (QQQ) at 4.93%. This indicates that UHS'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.