^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.
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
Key characteristics
^OEX:
2.35
QQQ:
1.64
^OEX:
3.07
QQQ:
2.19
^OEX:
1.44
QQQ:
1.30
^OEX:
3.25
QQQ:
2.16
^OEX:
14.30
QQQ:
7.79
^OEX:
2.24%
QQQ:
3.76%
^OEX:
13.66%
QQQ:
17.85%
^OEX:
-61.31%
QQQ:
-82.98%
^OEX:
-2.08%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, ^OEX achieves a 30.39% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, ^OEX has underperformed QQQ with an annualized return of 12.26%, while QQQ has yielded a comparatively higher 18.36% annualized return.
^OEX
30.39%
1.96%
10.34%
30.81%
15.26%
12.26%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 3.88%, while Invesco QQQ (QQQ) has a volatility of 5.29%. 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.