WFG.TO vs. QQQ
Compare and contrast key facts about West Fraser Timber Co. Ltd. (WFG.TO) 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: WFG.TO or QQQ.
Key characteristics
| WFG.TO | QQQ | |
|---|---|---|
| YTD Return | -6.65% | 3.82% |
| 1Y Return | 9.23% | 32.66% |
| 3Y Return (Ann) | 5.11% | 8.61% |
| 5Y Return (Ann) | 10.30% | 18.53% |
| 10Y Return (Ann) | 8.42% | 18.13% |
| Sharpe Ratio | 0.33 | 2.00 |
| Daily Std Dev | 28.26% | 16.23% |
| Max Drawdown | -76.19% | -82.98% |
| Current Drawdown | -17.07% | -4.88% |
Correlation
The correlation between WFG.TO and QQQ is 0.24, 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
WFG.TO vs. QQQ - Performance Comparison
In the year-to-date period, WFG.TO achieves a -6.65% return, which is significantly lower than QQQ's 3.82% return. Over the past 10 years, WFG.TO has underperformed QQQ with an annualized return of 8.42%, while QQQ has yielded a comparatively higher 18.13% 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
WFG.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for West Fraser Timber Co. Ltd. (WFG.TO) 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
WFG.TO vs. QQQ - Dividend Comparison
WFG.TO's dividend yield for the trailing twelve months is around 1.14%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFG.TO West Fraser Timber Co. Ltd. | 1.14% | 1.06% | 1.18% | 0.75% | 0.98% | 1.40% | 1.04% | 0.46% | 0.58% | 0.53% | 0.42% | 0.07% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
WFG.TO vs. QQQ - Drawdown Comparison
The maximum WFG.TO drawdown since its inception was -76.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WFG.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
WFG.TO vs. QQQ - Volatility Comparison
West Fraser Timber Co. Ltd. (WFG.TO) has a higher volatility of 6.79% compared to Invesco QQQ (QQQ) at 5.44%. This indicates that WFG.TO'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.