^DWCF vs. QQQ
Compare and contrast key facts about Dow Jones U.S. Total Stock Market Index (^DWCF) 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: ^DWCF or QQQ.
Correlation
The correlation between ^DWCF and QQQ is 0.89, 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
^DWCF vs. QQQ - Performance Comparison
Key characteristics
^DWCF:
1.96
QQQ:
1.64
^DWCF:
2.62
QQQ:
2.19
^DWCF:
1.36
QQQ:
1.30
^DWCF:
2.93
QQQ:
2.16
^DWCF:
12.30
QQQ:
7.79
^DWCF:
2.05%
QQQ:
3.76%
^DWCF:
12.91%
QQQ:
17.85%
^DWCF:
-35.14%
QQQ:
-82.98%
^DWCF:
-3.15%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, ^DWCF achieves a 23.30% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, ^DWCF has underperformed QQQ with an annualized return of 10.58%, while QQQ has yielded a comparatively higher 18.36% annualized return.
^DWCF
23.30%
-0.07%
9.33%
23.90%
12.36%
10.58%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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Risk-Adjusted Performance
^DWCF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) 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
^DWCF vs. QQQ - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -35.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^DWCF and QQQ. For additional features, visit the drawdowns tool.
Volatility
^DWCF vs. QQQ - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 4.06%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that ^DWCF 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.