VIA vs. QQQ
Compare and contrast key facts about Via Renewables, Inc. (VIA) 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: VIA or QQQ.
Key characteristics
VIA | QQQ | |
---|---|---|
YTD Return | 16.70% | 9.03% |
1Y Return | -12.52% | 37.37% |
3Y Return (Ann) | -37.01% | 11.70% |
5Y Return (Ann) | -21.29% | 20.11% |
Sharpe Ratio | -0.18 | 2.35 |
Daily Std Dev | 71.90% | 16.21% |
Max Drawdown | -92.63% | -82.98% |
Current Drawdown | -85.09% | -0.10% |
Correlation
The correlation between VIA and QQQ is 0.19, 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
VIA vs. QQQ - Performance Comparison
In the year-to-date period, VIA achieves a 16.70% return, which is significantly higher than QQQ's 9.03% 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
VIA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Via Renewables, Inc. (VIA) 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
VIA vs. QQQ - Dividend Comparison
VIA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Via Renewables, Inc. | 0.00% | 9.64% | 14.19% | 6.34% | 7.58% | 9.15% | 11.91% | 6.81% | 5.58% | 8.47% | 2.64% | 0.00% |
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
VIA vs. QQQ - Drawdown Comparison
The maximum VIA drawdown since its inception was -92.63%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VIA and QQQ. For additional features, visit the drawdowns tool.
Volatility
VIA vs. QQQ - Volatility Comparison
The current volatility for Via Renewables, Inc. (VIA) is 0.98%, while Invesco QQQ (QQQ) has a volatility of 4.93%. This indicates that VIA 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.