QQQE vs QQQ comparison¶
QQQE vs QQQ performance comment¶
Market Performance Metrics¶
| Metric | Data1 | Data2 |
|---|---|---|
| High | 86.98 | 429.85 |
| Low | 82.01 | 395.34 |
| Close | 86.12 | 425.83 |
| Start Price | 83.54 | 402.59 |
| Gain % | 3.09% | 5.77% |
| Annualized Gain % | 46.97% | 87.79% |
| Annualized Volatility % | 13.10% | 13.96% |
| Max Drawdown % | -1.69% | -1.57% |
| Sharpe Ratio | 3.96 | 6.83 |
Insights and Commentary¶
The comparison between the two markets, Data1 and Data2, over a 60-day period reflects varying performance metrics.
Gain and Annualized Gain¶
Data2 outperformed Data1 in terms of gain, with a higher Gain % of 5.77% compared to 3.09% for Data1. This was also reflected in the Annualized Gain %, where Data2 achieved a substantial return of 87.79%, outpacing Data1 at 46.97%.
Start Price and Close¶
Both markets began at similar Start Prices, with Data2 slightly higher than Data1. Despite this, Data2 closed at 425.83, while Data1 closed at 86.12.
Volatility and Sharpe Ratio¶
Data2 exhibited slightly higher Annualized Volatility % at 13.96%, possibly indicating greater price fluctuation compared to Data1 at 13.10%. However, the higher Sharpe Ratio of 6.83 for Data2 indicates potentially better risk-adjusted returns compared to Data1 at 3.96.
Max Drawdown¶
Both markets experienced negligible Max Drawdown %, indicating minimal risk exposure over the 60-day period. The negative sign indicates a reduction from peak to trough, with Data1 at -1.69% and Data2 at -1.57%.
Overall, while both markets demonstrate favorable performance metrics, Data2 emerges as the stronger performer with higher gains, a slightly elevated risk profile, and more favorable risk-adjusted returns based on the Sharpe Ratio.
QQQE YTD Return (Daily)¶
Comment on YTD Total Returns Results of QQQE¶
Historical Performance Analysis¶
The YTD Open for QQQE in 2024 was 83.99, slightly lower than the YTD Close of 86.12, which reflects a 3.09% increase in value. The YTD Annualized Gain of 46.97% and relatively low YTD Annualized Volatility of 13.10% indicate a strong performance with controlled risk. The YTD Max Drawdown of -1.69% further emphasizes the stability of returns. In the previous year, the Last Year Annualized Gain stood at 34.41% with Last Year Annualized Volatility at 16.88%, indicating a slightly higher risk compared to the current year. The Last Year Max Drawdown also showed a larger negative figure, reaching -12.58%. The Historical Annualized Volatility (excluding current year) of 19.92% is the highest among the reported volatility measures, highlighting that the current year has demonstrated a more stable trend. The Max Drawdown in Data (excluding current year) was reported at -32.14%, providing a historical context for the risk level.
Risk-Adjusted Performance¶
The YTD Sharpe Ratio of 3.96 reflects a strong risk-adjusted return for the year, surpassing the Average Sharpe Ratio for All Years (Excluding Last) of 0.79. This indicates that the current year has delivered significantly higher returns in comparison to the average risk.
Current Market Condition¶
The Current last close price of 86.12 is higher than the Current MA 200 of 76.27, MA 50 of 81.46, and MA 5 of 85.59. This suggests that the market is currently trading above its moving averages, indicating a potential bullish trend. The Current average annualized volatility of 12.82% is lower than the Average annualized volatility a month ago of 13.34%, which further supports the notion of reduced risk in the market.
QQQE Annual Dividends¶
| Year | Annual Dividend | Dividend Yield |
|---|---|---|
| 2023 | $0.67 | 0.81% |
| 2022 | $0.62 | 0.96% |
| 2021 | $3.27 | 4.0% |
| 2020 | $0.41 | 0.54% |
| 2019 | $0.4 | 0.73% |
QQQE Montly Dividends¶
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.16 | 0.0 | 0.0 | $0.17 | 0.0 | 0.0 | $0.25 |
| 2022 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.14 | 0.0 | 0.0 | $0.13 | 0.0 | 0.0 | $0.25 |
| 2021 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $2.99 |
| 2020 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.15 |
| 2019 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $0.13 |
| 2018 | 0.0 | 0.0 | $0.03 | 0.0 | 0.0 | $0.11 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.11 |
| 2017 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.06 | 0.0 | 0.0 | $0.09 |
| 2016 | 0.0 | 0.0 | $0.41 | 0.0 | 0.0 | $0.15 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.14 |
| 2015 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.13 | 0.0 | 0.0 | $0.12 | 0.0 | 0.0 | $0.02 |
| 2014 | 0.0 | 0.0 | $0.33 | 0.0 | 0.0 | $0.23 | 0.0 | 0.0 | $0.09 | 0.0 | 0.0 | $0.22 |
| 2013 | 0.0 | 0.0 | $0.03 | 0.0 | 0.0 | $0.1 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | 0.0 |
| 2012 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | $0.08 | 0.0 | 0.0 | $0.23 | 0.0 | 0.0 | $0.18 |
Published: 2024-01-25
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