^IXIC vs. QQQ
Compare and contrast key facts about NASDAQ Composite (^IXIC) 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: ^IXIC or QQQ.
Correlation
The correlation between ^IXIC and QQQ is 0.97, 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
^IXIC vs. QQQ - Performance Comparison
Key characteristics
^IXIC:
1.35
QQQ:
1.30
^IXIC:
1.83
QQQ:
1.78
^IXIC:
1.25
QQQ:
1.24
^IXIC:
1.89
QQQ:
1.76
^IXIC:
6.74
QQQ:
6.08
^IXIC:
3.69%
QQQ:
3.92%
^IXIC:
18.52%
QQQ:
18.35%
^IXIC:
-77.93%
QQQ:
-82.98%
^IXIC:
-3.22%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ^IXIC achieves a 1.10% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, ^IXIC has underperformed QQQ with an annualized return of 14.70%, while QQQ has yielded a comparatively higher 18.06% annualized return.
^IXIC
1.10%
-2.43%
9.21%
21.71%
15.35%
14.70%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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
^IXIC vs. QQQ — Risk-Adjusted Performance Rank
^IXIC
QQQ
^IXIC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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
^IXIC vs. QQQ - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^IXIC and QQQ. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. QQQ - Volatility Comparison
NASDAQ Composite (^IXIC) has a higher volatility of 5.44% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that ^IXIC'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.