^DJI vs. QQQ
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) 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: ^DJI or QQQ.
Correlation
The correlation between ^DJI and QQQ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DJI vs. QQQ - Performance Comparison
Key characteristics
^DJI:
0.35
QQQ:
0.44
^DJI:
0.62
QQQ:
0.78
^DJI:
1.09
QQQ:
1.11
^DJI:
0.36
QQQ:
0.48
^DJI:
1.32
QQQ:
1.63
^DJI:
4.49%
QQQ:
6.76%
^DJI:
17.03%
QQQ:
25.23%
^DJI:
-53.78%
QQQ:
-82.98%
^DJI:
-9.65%
QQQ:
-11.74%
Returns By Period
In the year-to-date period, ^DJI achieves a -4.41% return, which is significantly higher than QQQ's -6.86% return. Over the past 10 years, ^DJI has underperformed QQQ with an annualized return of 8.50%, while QQQ has yielded a comparatively higher 16.82% annualized return.
^DJI
-4.41%
-3.17%
-3.49%
7.55%
11.42%
8.50%
QQQ
-6.86%
1.40%
-3.92%
12.67%
18.27%
16.82%
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Risk-Adjusted Performance
^DJI vs. QQQ — Risk-Adjusted Performance Rank
^DJI
QQQ
^DJI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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
^DJI vs. QQQ - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^DJI and QQQ. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. QQQ - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 12.05%, while Invesco QQQ (QQQ) has a volatility of 16.64%. This indicates that ^DJI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.