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:
-0.04
QQQ:
0.06
X:
0.29
QQQ:
0.26
X:
1.04
QQQ:
1.04
X:
-0.02
QQQ:
0.07
X:
-0.16
QQQ:
0.26
X:
12.85%
QQQ:
5.92%
X:
49.60%
QQQ:
24.80%
X:
-97.15%
QQQ:
-82.98%
X:
-75.49%
QQQ:
-17.18%
Returns By Period
In the year-to-date period, X achieves a 20.40% return, which is significantly higher than QQQ's -12.59% return. Over the past 10 years, X has underperformed QQQ with an annualized return of 5.96%, while QQQ has yielded a comparatively higher 16.24% annualized return.
X
20.40%
10.28%
15.71%
-3.60%
44.08%
5.96%
QQQ
-12.59%
-5.25%
-9.14%
2.40%
18.09%
16.24%
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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 0.49%, less than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
X United States Steel Corporation | 0.49% | 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 | 0.67% | 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 22.20% compared to Invesco QQQ (QQQ) at 16.25%. 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.