^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.
Key characteristics
| ^OEX | QQQ | |
|---|---|---|
| YTD Return | 12.81% | 10.46% |
| 1Y Return | 29.86% | 34.84% |
| 3Y Return (Ann) | 10.55% | 12.65% |
| 5Y Return (Ann) | 14.78% | 20.64% |
| 10Y Return (Ann) | 11.77% | 18.79% |
| Sharpe Ratio | 2.52 | 2.30 |
| Daily Std Dev | 12.37% | 16.24% |
| Max Drawdown | -61.31% | -82.98% |
| Current Drawdown | -0.11% | -0.25% |
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.
Performance
^OEX vs. QQQ - Performance Comparison
In the year-to-date period, ^OEX achieves a 12.81% return, which is significantly higher than QQQ's 10.46% return. Over the past 10 years, ^OEX has underperformed QQQ with an annualized return of 11.77%, while QQQ has yielded a comparatively higher 18.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.82%, while Invesco QQQ (QQQ) has a volatility of 4.84%. 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.