^BSESN vs. QQQ
Compare and contrast key facts about S&P BSE SENSEX (^BSESN) 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: ^BSESN or QQQ.
Correlation
The correlation between ^BSESN and QQQ is 0.20, 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
^BSESN vs. QQQ - Performance Comparison
Key characteristics
^BSESN:
0.66
QQQ:
1.64
^BSESN:
0.97
QQQ:
2.19
^BSESN:
1.14
QQQ:
1.30
^BSESN:
0.91
QQQ:
2.16
^BSESN:
2.66
QQQ:
7.79
^BSESN:
3.48%
QQQ:
3.76%
^BSESN:
13.90%
QQQ:
17.85%
^BSESN:
-60.91%
QQQ:
-82.98%
^BSESN:
-9.08%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, ^BSESN achieves a 8.03% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, ^BSESN has underperformed QQQ with an annualized return of 11.18%, while QQQ has yielded a comparatively higher 18.36% annualized return.
^BSESN
8.03%
0.60%
1.08%
10.13%
13.51%
11.18%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^BSESN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) 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.
Drawdowns
^BSESN vs. QQQ - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^BSESN and QQQ. For additional features, visit the drawdowns tool.
Volatility
^BSESN vs. QQQ - Volatility Comparison
S&P BSE SENSEX (^BSESN) and Invesco QQQ (QQQ) have volatilities of 5.25% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.