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.
Key characteristics
| WTRG | QQQ | |
|---|---|---|
| YTD Return | 8.89% | 26.09% |
| 1Y Return | 20.08% | 39.88% |
| 3Y Return (Ann) | -2.98% | 9.90% |
| 5Y Return (Ann) | 0.66% | 21.46% |
| 10Y Return (Ann) | 6.71% | 18.52% |
| Sharpe Ratio | 0.85 | 2.22 |
| Sortino Ratio | 1.34 | 2.92 |
| Omega Ratio | 1.17 | 1.40 |
| Calmar Ratio | 0.55 | 2.86 |
| Martin Ratio | 3.65 | 10.44 |
| Ulcer Index | 5.14% | 3.72% |
| Daily Std Dev | 21.99% | 17.47% |
| Max Drawdown | -47.95% | -82.98% |
| Current Drawdown | -20.08% | 0.00% |
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
In the year-to-date period, WTRG achieves a 8.89% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, WTRG has underperformed QQQ with an annualized return of 6.71%, while QQQ has yielded a comparatively higher 18.52% 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
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 2.37%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTRG Essential Utilities, Inc. | 2.37% | 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 | 0.59% | 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 7.26% compared to Invesco QQQ (QQQ) at 5.17%. 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.