X vs. QQQ
Compare and contrast key facts about United States Steel Corporation (X) 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: X or QQQ.
Key characteristics
| X | QQQ | |
|---|---|---|
| YTD Return | -16.87% | 26.02% |
| 1Y Return | 17.74% | 36.73% |
| 3Y Return (Ann) | 16.01% | 9.97% |
| 5Y Return (Ann) | 25.39% | 21.44% |
| 10Y Return (Ann) | 1.89% | 18.42% |
| Sharpe Ratio | 0.42 | 2.28 |
| Sortino Ratio | 0.94 | 2.98 |
| Omega Ratio | 1.15 | 1.41 |
| Calmar Ratio | 0.23 | 2.94 |
| Martin Ratio | 0.99 | 10.71 |
| Ulcer Index | 19.14% | 3.72% |
| Daily Std Dev | 45.50% | 17.35% |
| Max Drawdown | -97.15% | -82.98% |
| Current Drawdown | -75.89% | -0.06% |
Correlation
The correlation between X and QQQ is 0.40, 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
X vs. QQQ - Performance Comparison
In the year-to-date period, X achieves a -16.87% return, which is significantly lower than QQQ's 26.02% return. Over the past 10 years, X has underperformed QQQ with an annualized return of 1.89%, while QQQ has yielded a comparatively higher 18.42% 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
X vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Steel Corporation (X) 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
X vs. QQQ - Dividend Comparison
X's dividend yield for the trailing twelve months is around 0.50%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X United States Steel Corporation | 0.50% | 0.41% | 0.80% | 0.34% | 0.24% | 1.75% | 1.10% | 0.57% | 0.61% | 2.51% | 0.75% | 0.68% |
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
X vs. QQQ - Drawdown Comparison
The maximum X drawdown since its inception was -97.15%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for X and QQQ. For additional features, visit the drawdowns tool.
Volatility
X vs. QQQ - Volatility Comparison
United States Steel Corporation (X) has a higher volatility of 10.66% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that X'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.