VEEV vs. QQQ
Compare and contrast key facts about Veeva Systems Inc. (VEEV) 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: VEEV or QQQ.
Key characteristics
| VEEV | QQQ | |
|---|---|---|
| YTD Return | 8.90% | 10.51% |
| 1Y Return | 26.19% | 37.41% |
| 3Y Return (Ann) | -5.44% | 12.42% |
| 5Y Return (Ann) | 8.15% | 20.67% |
| 10Y Return (Ann) | 27.05% | 18.75% |
| Sharpe Ratio | 0.71 | 2.40 |
| Daily Std Dev | 35.37% | 16.27% |
| Max Drawdown | -61.35% | -82.98% |
| Current Drawdown | -38.52% | -0.20% |
Correlation
The correlation between VEEV and QQQ is 0.58, 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
VEEV vs. QQQ - Performance Comparison
In the year-to-date period, VEEV achieves a 8.90% return, which is significantly lower than QQQ's 10.51% return. Over the past 10 years, VEEV has outperformed QQQ with an annualized return of 27.05%, while QQQ has yielded a comparatively lower 18.75% 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
VEEV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) 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
VEEV vs. QQQ - Dividend Comparison
VEEV has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEEV Veeva Systems 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 | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
VEEV vs. QQQ - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VEEV and QQQ. For additional features, visit the drawdowns tool.
Volatility
VEEV vs. QQQ - Volatility Comparison
Veeva Systems Inc. (VEEV) has a higher volatility of 5.22% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that VEEV'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.