WOLF vs. QQQ
Compare and contrast key facts about Wolfspeed, Inc. (WOLF) 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: WOLF or QQQ.
Correlation
The correlation between WOLF and QQQ is 0.59, 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
WOLF vs. QQQ - Performance Comparison
Key characteristics
WOLF:
-0.61
QQQ:
1.40
WOLF:
-0.73
QQQ:
1.90
WOLF:
0.92
QQQ:
1.25
WOLF:
-0.75
QQQ:
1.88
WOLF:
-1.37
QQQ:
6.51
WOLF:
52.63%
QQQ:
3.92%
WOLF:
118.70%
QQQ:
18.23%
WOLF:
-96.60%
QQQ:
-82.98%
WOLF:
-94.73%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, WOLF achieves a 12.31% return, which is significantly higher than QQQ's 5.09% return. Over the past 10 years, WOLF has underperformed QQQ with an annualized return of -15.14%, while QQQ has yielded a comparatively higher 18.32% annualized return.
WOLF
12.31%
19.11%
-41.70%
-70.61%
-30.95%
-15.14%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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Risk-Adjusted Performance
WOLF vs. QQQ — Risk-Adjusted Performance Rank
WOLF
QQQ
WOLF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wolfspeed, Inc. (WOLF) 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
WOLF vs. QQQ - Dividend Comparison
WOLF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOLF Wolfspeed, 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 | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
WOLF vs. QQQ - Drawdown Comparison
The maximum WOLF drawdown since its inception was -96.60%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WOLF and QQQ. For additional features, visit the drawdowns tool.
Volatility
WOLF vs. QQQ - Volatility Comparison
Wolfspeed, Inc. (WOLF) has a higher volatility of 28.61% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that WOLF'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.