^OEX vs. QQQ
Compare and contrast key facts about S&P 100 Index (^OEX) 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: ^OEX or QQQ.
Performance
^OEX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ^OEX achieves a 28.09% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, ^OEX has underperformed QQQ with an annualized return of 12.10%, while QQQ has yielded a comparatively higher 18.03% annualized return.
^OEX
28.09%
1.18%
13.88%
32.89%
15.70%
12.10%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| ^OEX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.50 | 1.78 |
| Sortino Ratio | 3.31 | 2.37 |
| Omega Ratio | 1.47 | 1.32 |
| Calmar Ratio | 3.39 | 2.28 |
| Martin Ratio | 15.04 | 8.27 |
| Ulcer Index | 2.22% | 3.73% |
| Daily Std Dev | 13.36% | 17.37% |
| Max Drawdown | -61.31% | -82.98% |
| Current Drawdown | -1.15% | -1.78% |
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Correlation
The correlation between ^OEX and QQQ is 0.86, 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.
Risk-Adjusted Performance
^OEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) 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
^OEX vs. QQQ - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^OEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. QQQ - Volatility Comparison
The current volatility for S&P 100 Index (^OEX) is 4.24%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that ^OEX 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.