WTRG vs. QQQ
Compare and contrast key facts about Essential Utilities, Inc. (WTRG) 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: WTRG or QQQ.
Correlation
The correlation between WTRG and QQQ is 0.32, 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
WTRG vs. QQQ - Performance Comparison
Key characteristics
WTRG:
0.12
QQQ:
1.64
WTRG:
0.31
QQQ:
2.19
WTRG:
1.04
QQQ:
1.30
WTRG:
0.08
QQQ:
2.16
WTRG:
0.46
QQQ:
7.79
WTRG:
5.45%
QQQ:
3.76%
WTRG:
21.16%
QQQ:
17.85%
WTRG:
-47.95%
QQQ:
-82.98%
WTRG:
-26.14%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, WTRG achieves a 0.63% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, WTRG has underperformed QQQ with an annualized return of 5.76%, while QQQ has yielded a comparatively higher 18.36% annualized return.
WTRG
0.63%
-7.62%
-0.71%
1.20%
-2.18%
5.76%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
WTRG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essential Utilities, Inc. (WTRG) 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
WTRG vs. QQQ - Dividend Comparison
WTRG's dividend yield for the trailing twelve months is around 3.48%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTRG Essential Utilities, Inc. | 3.48% | 3.18% | 2.33% | 1.93% | 2.05% | 1.93% | 2.48% | 2.02% | 2.46% | 2.30% | 2.37% | 2.48% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
WTRG vs. QQQ - Drawdown Comparison
The maximum WTRG drawdown since its inception was -47.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WTRG and QQQ. For additional features, visit the drawdowns tool.
Volatility
WTRG vs. QQQ - Volatility Comparison
Essential Utilities, Inc. (WTRG) has a higher volatility of 6.07% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that WTRG'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.