Correlation
The correlation between ^XCMP and QQQ is 0.91, 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.
^XCMP vs. QQQ
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) 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: ^XCMP or QQQ.
Performance
^XCMP vs. QQQ - Performance Comparison
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Key characteristics
^XCMP:
0.49
QQQ:
0.51
^XCMP:
0.84
QQQ:
0.86
^XCMP:
1.12
QQQ:
1.12
^XCMP:
0.51
QQQ:
0.54
^XCMP:
1.67
QQQ:
1.77
^XCMP:
7.38%
QQQ:
7.01%
^XCMP:
25.99%
QQQ:
25.51%
^XCMP:
-35.83%
QQQ:
-82.98%
^XCMP:
-6.84%
QQQ:
-5.47%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than QQQ's -0.24% return. Over the past 10 years, ^XCMP has underperformed QQQ with an annualized return of 15.13%, while QQQ has yielded a comparatively higher 17.56% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
QQQ
-0.24%
8.96%
0.99%
11.88%
21.85%
18.00%
17.56%
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Risk-Adjusted Performance
^XCMP vs. QQQ — Risk-Adjusted Performance Rank
^XCMP
QQQ
^XCMP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) 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
^XCMP vs. QQQ - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^XCMP and QQQ.
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Volatility
^XCMP vs. QQQ - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to Invesco QQQ (QQQ) at 5.25%. This indicates that ^XCMP'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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