^UTY vs. QQQ
Compare and contrast key facts about PHLX Utility Sector Index (^UTY) 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: ^UTY or QQQ.
Key characteristics
| ^UTY | QQQ | |
|---|---|---|
| YTD Return | 20.58% | 9.88% |
| 1Y Return | 21.70% | 21.43% |
| 3Y Return (Ann) | 2.89% | 6.20% |
| 5Y Return (Ann) | 3.96% | 19.38% |
| 10Y Return (Ann) | 6.01% | 17.28% |
| Sharpe Ratio | 1.33 | 1.16 |
| Daily Std Dev | 17.50% | 17.67% |
| Max Drawdown | -48.16% | -82.98% |
| Current Drawdown | -4.19% | -10.79% |
Correlation
The correlation between ^UTY and QQQ is 0.32, 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.
Performance
^UTY vs. QQQ - Performance Comparison
In the year-to-date period, ^UTY achieves a 20.58% return, which is significantly higher than QQQ's 9.88% return. Over the past 10 years, ^UTY has underperformed QQQ with an annualized return of 6.01%, while QQQ has yielded a comparatively higher 17.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^UTY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) 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
^UTY vs. QQQ - Drawdown Comparison
The maximum ^UTY drawdown since its inception was -48.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^UTY and QQQ. For additional features, visit the drawdowns tool.
Volatility
^UTY vs. QQQ - Volatility Comparison
The current volatility for PHLX Utility Sector Index (^UTY) is 2.12%, while Invesco QQQ (QQQ) has a volatility of 7.07%. This indicates that ^UTY 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.