USDC-USD vs. QQQ
Compare and contrast key facts about USDCoin (USDC-USD) 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: USDC-USD or QQQ.
Key characteristics
| USDC-USD | QQQ | |
|---|---|---|
| YTD Return | -0.01% | 3.07% |
| 1Y Return | 0.00% | 32.86% |
| 3Y Return (Ann) | -0.05% | 8.34% |
| 5Y Return (Ann) | -0.46% | 17.98% |
| Sharpe Ratio | -0.09 | 1.95 |
| Daily Std Dev | 0.25% | 16.25% |
| Max Drawdown | -19.18% | -82.98% |
| Current Drawdown | -3.41% | -5.57% |
Correlation
The correlation between USDC-USD and QQQ is 0.00, 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
USDC-USD vs. QQQ - Performance Comparison
In the year-to-date period, USDC-USD achieves a -0.01% return, which is significantly lower than QQQ's 3.07% 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
USDC-USD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
Drawdowns
USDC-USD vs. QQQ - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -19.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for USDC-USD and QQQ. For additional features, visit the drawdowns tool.
Volatility
USDC-USD vs. QQQ - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.10%, while Invesco QQQ (QQQ) has a volatility of 5.45%. This indicates that USDC-USD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.