Correlation
The correlation between ^VXN and QQQ is 0.88, 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.
^VXN vs. QQQ
Compare and contrast key facts about CBOE NASDAQ 100 Voltility Index (^VXN) 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: ^VXN or QQQ.
Performance
^VXN vs. QQQ - Performance Comparison
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Key characteristics
^VXN:
0.22
QQQ:
0.57
^VXN:
1.46
QQQ:
0.95
^VXN:
1.17
QQQ:
1.13
^VXN:
0.47
QQQ:
0.62
^VXN:
1.10
QQQ:
2.03
^VXN:
35.59%
QQQ:
7.02%
^VXN:
114.66%
QQQ:
25.60%
^VXN:
-87.50%
QQQ:
-82.98%
^VXN:
-73.57%
QQQ:
-3.49%
Returns By Period
In the year-to-date period, ^VXN achieves a 9.44% return, which is significantly higher than QQQ's 1.85% return. Over the past 10 years, ^VXN has underperformed QQQ with an annualized return of 3.82%, while QQQ has yielded a comparatively higher 17.67% annualized return.
^VXN
9.44%
-21.01%
30.70%
24.64%
-12.01%
-4.86%
3.82%
QQQ
1.85%
9.34%
3.21%
14.61%
19.74%
18.12%
17.67%
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Risk-Adjusted Performance
^VXN vs. QQQ — Risk-Adjusted Performance Rank
^VXN
QQQ
^VXN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE NASDAQ 100 Voltility Index (^VXN) 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.
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Drawdowns
^VXN vs. QQQ - Drawdown Comparison
The maximum ^VXN drawdown since its inception was -87.50%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^VXN and QQQ.
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Volatility
^VXN vs. QQQ - Volatility Comparison
CBOE NASDAQ 100 Voltility Index (^VXN) has a higher volatility of 24.88% compared to Invesco QQQ (QQQ) at 5.60%. This indicates that ^VXN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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