WSP.TO vs. QQQ
Compare and contrast key facts about WSP Global Inc. (WSP.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: WSP.TO or QQQ.
Performance
WSP.TO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, WSP.TO achieves a 28.49% return, which is significantly higher than QQQ's 22.63% return. Over the past 10 years, WSP.TO has outperformed QQQ with an annualized return of 23.43%, while QQQ has yielded a comparatively lower 18.02% annualized return.
WSP.TO
28.49%
-5.20%
14.68%
25.71%
23.92%
23.43%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| WSP.TO | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.41 | 1.75 |
| Sortino Ratio | 1.85 | 2.34 |
| Omega Ratio | 1.27 | 1.32 |
| Calmar Ratio | 2.16 | 2.25 |
| Martin Ratio | 5.42 | 8.17 |
| Ulcer Index | 4.77% | 3.73% |
| Daily Std Dev | 18.42% | 17.44% |
| Max Drawdown | -39.02% | -82.98% |
| Current Drawdown | -5.93% | -2.75% |
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Correlation
The correlation between WSP.TO and QQQ is 0.38, 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.
Risk-Adjusted Performance
WSP.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WSP Global Inc. (WSP.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
WSP.TO vs. QQQ - Dividend Comparison
WSP.TO's dividend yield for the trailing twelve months is around 0.64%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WSP.TO WSP Global Inc. | 0.64% | 0.82% | 0.97% | 0.83% | 1.26% | 1.69% | 2.56% | 2.50% | 3.36% | 3.53% | 4.19% | 4.65% |
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% | 1.02% |
Drawdowns
WSP.TO vs. QQQ - Drawdown Comparison
The maximum WSP.TO drawdown since its inception was -39.02%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WSP.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
WSP.TO vs. QQQ - Volatility Comparison
WSP Global Inc. (WSP.TO) and Invesco QQQ (QQQ) have volatilities of 5.60% and 5.62%, 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.