Correlation
The correlation between ^NIFTY200 and QQQ is 0.21, 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.
^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.
Performance
^NIFTY200 vs. QQQ - Performance Comparison
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Key characteristics
^NIFTY200:
0.52
QQQ:
0.62
^NIFTY200:
0.61
QQQ:
0.92
^NIFTY200:
1.09
QQQ:
1.13
^NIFTY200:
0.35
QQQ:
0.60
^NIFTY200:
0.73
QQQ:
1.94
^NIFTY200:
8.67%
QQQ:
7.02%
^NIFTY200:
16.93%
QQQ:
25.59%
^NIFTY200:
-64.04%
QQQ:
-82.98%
^NIFTY200:
-6.70%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, ^NIFTY200 achieves a 2.92% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, ^NIFTY200 has underperformed QQQ with an annualized return of 12.38%, while QQQ has yielded a comparatively higher 17.69% annualized return.
^NIFTY200
2.92%
2.68%
1.26%
8.28%
16.42%
22.69%
12.38%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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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.
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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.
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Volatility
^NIFTY200 vs. QQQ - Volatility Comparison
The current volatility for NIFTY 200 (^NIFTY200) is 5.13%, while Invesco QQQ (QQQ) has a volatility of 5.62%. 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.
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