WAB vs. QQQ
Compare and contrast key facts about Westinghouse Air Brake Technologies Corporation (WAB) 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: WAB or QQQ.
Correlation
The correlation between WAB and QQQ is 0.56, 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
WAB vs. QQQ - Performance Comparison
Key characteristics
WAB:
0.83
QQQ:
0.47
WAB:
1.29
QQQ:
0.82
WAB:
1.19
QQQ:
1.11
WAB:
1.04
QQQ:
0.52
WAB:
3.24
QQQ:
1.79
WAB:
7.56%
QQQ:
6.64%
WAB:
27.77%
QQQ:
25.28%
WAB:
-71.84%
QQQ:
-82.98%
WAB:
-12.19%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, WAB achieves a -2.81% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, WAB has underperformed QQQ with an annualized return of 7.25%, while QQQ has yielded a comparatively higher 16.64% annualized return.
WAB
-2.81%
-1.95%
-2.28%
13.32%
28.92%
7.25%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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Risk-Adjusted Performance
WAB vs. QQQ — Risk-Adjusted Performance Rank
WAB
QQQ
WAB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Westinghouse Air Brake Technologies Corporation (WAB) 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
WAB vs. QQQ - Dividend Comparison
WAB's dividend yield for the trailing twelve months is around 0.46%, less than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAB Westinghouse Air Brake Technologies Corporation | 0.46% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% | 0.23% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
WAB vs. QQQ - Drawdown Comparison
The maximum WAB drawdown since its inception was -71.84%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WAB and QQQ. For additional features, visit the drawdowns tool.
Volatility
WAB vs. QQQ - Volatility Comparison
Westinghouse Air Brake Technologies Corporation (WAB) and Invesco QQQ (QQQ) have volatilities of 17.06% and 16.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.