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.
Correlation
The correlation between USDC-USD and QQQ is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
USDC-USD vs. QQQ - Performance Comparison
Key characteristics
USDC-USD:
-0.08
QQQ:
1.63
USDC-USD:
-0.11
QQQ:
2.18
USDC-USD:
0.99
QQQ:
1.29
USDC-USD:
0.00
QQQ:
2.14
USDC-USD:
-0.41
QQQ:
7.71
USDC-USD:
0.05%
QQQ:
3.77%
USDC-USD:
0.23%
QQQ:
17.87%
USDC-USD:
-19.18%
QQQ:
-82.98%
USDC-USD:
-3.41%
QQQ:
-2.69%
Returns By Period
In the year-to-date period, USDC-USD achieves a -0.01% return, which is significantly lower than QQQ's 28.44% return.
USDC-USD
-0.01%
0.01%
0.00%
-0.03%
-0.12%
N/A
QQQ
28.44%
3.54%
10.65%
28.86%
20.62%
18.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 5.33%. 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.