^NIFTY200 vs. QQQ
Compare and contrast key facts about NIFTY 200 (^NIFTY200) 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: ^NIFTY200 or QQQ.
Correlation
The correlation between ^NIFTY200 and QQQ is 0.19, 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
^NIFTY200 vs. QQQ - Performance Comparison
Key characteristics
^NIFTY200:
0.13
QQQ:
1.28
^NIFTY200:
0.78
QQQ:
1.76
^NIFTY200:
1.27
QQQ:
1.23
^NIFTY200:
0.21
QQQ:
1.74
^NIFTY200:
1.44
QQQ:
6.02
^NIFTY200:
5.92%
QQQ:
3.91%
^NIFTY200:
67.29%
QQQ:
18.32%
^NIFTY200:
-64.04%
QQQ:
-82.98%
^NIFTY200:
-12.57%
QQQ:
-2.79%
Returns By Period
In the year-to-date period, ^NIFTY200 achieves a -3.56% return, which is significantly lower than QQQ's 2.16% return. Over the past 10 years, ^NIFTY200 has underperformed QQQ with an annualized return of 11.34%, while QQQ has yielded a comparatively higher 18.54% annualized return.
^NIFTY200
-3.56%
-5.00%
-4.93%
7.60%
15.95%
11.34%
QQQ
2.16%
0.72%
16.74%
22.47%
18.93%
18.54%
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Risk-Adjusted Performance
^NIFTY200 vs. QQQ — Risk-Adjusted Performance Rank
^NIFTY200
QQQ
^NIFTY200 vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NIFTY 200 (^NIFTY200) 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
^NIFTY200 vs. QQQ - Drawdown Comparison
The maximum ^NIFTY200 drawdown since its inception was -64.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^NIFTY200 and QQQ. For additional features, visit the drawdowns tool.
Volatility
^NIFTY200 vs. QQQ - Volatility Comparison
NIFTY 200 (^NIFTY200) has a higher volatility of 5.69% compared to Invesco QQQ (QQQ) at 5.40%. This indicates that ^NIFTY200'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.