VLO vs. QQQ
Compare and contrast key facts about Valero Energy Corporation (VLO) 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: VLO or QQQ.
Key characteristics
| VLO | QQQ | |
|---|---|---|
| YTD Return | 28.51% | 5.38% |
| 1Y Return | 49.45% | 35.44% |
| 3Y Return (Ann) | 37.38% | 8.91% |
| 5Y Return (Ann) | 18.17% | 18.53% |
| 10Y Return (Ann) | 15.76% | 18.34% |
| Sharpe Ratio | 1.71 | 2.40 |
| Daily Std Dev | 27.44% | 16.32% |
| Max Drawdown | -81.53% | -82.98% |
| Current Drawdown | -9.59% | -3.45% |
Correlation
The correlation between VLO and QQQ is 0.33, 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
VLO vs. QQQ - Performance Comparison
In the year-to-date period, VLO achieves a 28.51% return, which is significantly higher than QQQ's 5.38% return. Over the past 10 years, VLO has underperformed QQQ with an annualized return of 15.76%, while QQQ has yielded a comparatively higher 18.34% 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
VLO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) 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
VLO vs. QQQ - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 2.49%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 2.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 3.05% | 3.51% | 2.40% | 2.12% | 1.65% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
VLO vs. QQQ - Drawdown Comparison
The maximum VLO drawdown since its inception was -81.53%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VLO and QQQ. For additional features, visit the drawdowns tool.
Volatility
VLO vs. QQQ - Volatility Comparison
Valero Energy Corporation (VLO) has a higher volatility of 7.02% compared to Invesco QQQ (QQQ) at 5.12%. This indicates that VLO'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.