^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 0.87, 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:
0.56
QQQ:
0.46
^OEX:
0.91
QQQ:
0.82
^OEX:
1.13
QQQ:
1.11
^OEX:
0.58
QQQ:
0.51
^OEX:
2.17
QQQ:
1.69
^OEX:
5.34%
QQQ:
6.91%
^OEX:
20.76%
QQQ:
25.12%
^OEX:
-61.31%
QQQ:
-82.98%
^OEX:
-9.36%
QQQ:
-10.29%
Returns By Period
In the year-to-date period, ^OEX achieves a -5.81% return, which is significantly lower than QQQ's -5.32% return. Over the past 10 years, ^OEX has underperformed QQQ with an annualized return of 11.36%, while QQQ has yielded a comparatively higher 17.05% annualized return.
^OEX
-5.81%
11.36%
-4.95%
10.38%
15.22%
11.36%
QQQ
-5.32%
14.07%
-4.11%
10.43%
17.35%
17.05%
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Risk-Adjusted Performance
^OEX vs. QQQ — Risk-Adjusted Performance Rank
^OEX
QQQ
^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 12.23%, while Invesco QQQ (QQQ) has a volatility of 14.06%. 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.