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.
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
Key characteristics
X:
-0.89
QQQ:
1.64
X:
-1.10
QQQ:
2.19
X:
0.84
QQQ:
1.30
X:
-0.44
QQQ:
2.16
X:
-1.86
QQQ:
7.79
X:
19.71%
QQQ:
3.76%
X:
41.18%
QQQ:
17.85%
X:
-97.15%
QQQ:
-82.98%
X:
-81.95%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, X achieves a -37.75% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, X has underperformed QQQ with an annualized return of 2.13%, while QQQ has yielded a comparatively higher 18.36% annualized return.
X
-37.75%
-25.60%
-17.56%
-36.87%
21.38%
2.13%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 0.66%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X United States Steel Corporation | 0.66% | 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 | 0.43% | 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 16.93% compared to Invesco QQQ (QQQ) at 5.29%. 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.