^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 0.23, 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:
0.12
QQQ:
0.46
^NIFTY200:
0.78
QQQ:
0.82
^NIFTY200:
1.25
QQQ:
1.11
^NIFTY200:
0.20
QQQ:
0.51
^NIFTY200:
0.95
QQQ:
1.69
^NIFTY200:
8.86%
QQQ:
6.91%
^NIFTY200:
67.70%
QQQ:
25.12%
^NIFTY200:
-64.04%
QQQ:
-82.98%
^NIFTY200:
-8.96%
QQQ:
-10.29%
Returns By Period
In the year-to-date period, ^NIFTY200 achieves a 0.43% return, which is significantly higher than QQQ's -5.32% return. Over the past 10 years, ^NIFTY200 has underperformed QQQ with an annualized return of 12.41%, while QQQ has yielded a comparatively higher 17.05% annualized return.
^NIFTY200
0.43%
9.98%
-2.60%
7.93%
23.21%
12.41%
QQQ
-5.32%
14.07%
-4.11%
10.43%
17.35%
17.05%
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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
The current volatility for NIFTY 200 (^NIFTY200) is 5.60%, while Invesco QQQ (QQQ) has a volatility of 14.06%. This indicates that ^NIFTY200 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.