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 0.39, 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:
-0.52
QQQ:
1.58
X:
-0.47
QQQ:
2.13
X:
0.93
QQQ:
1.28
X:
-0.28
QQQ:
2.13
X:
-1.11
QQQ:
7.44
X:
20.91%
QQQ:
3.88%
X:
44.79%
QQQ:
18.24%
X:
-97.15%
QQQ:
-82.98%
X:
-78.42%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, X achieves a 6.03% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, X has underperformed QQQ with an annualized return of 6.14%, while QQQ has yielded a comparatively higher 18.75% annualized return.
X
6.03%
16.33%
-5.38%
-23.68%
28.81%
6.14%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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Risk-Adjusted Performance
X vs. QQQ — Risk-Adjusted Performance Rank
X
QQQ
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 0.55%, which matches QQQ's 0.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X United States Steel Corporation | 0.55% | 0.59% | 0.41% | 0.80% | 0.34% | 0.24% | 1.75% | 1.10% | 0.57% | 0.61% | 2.51% | 0.75% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 18.95% compared to Invesco QQQ (QQQ) at 6.45%. 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.