AAGOX vs. QQQ
Compare and contrast key facts about Alger Large Cap Growth Portfolio Fund (AAGOX) and Invesco QQQ (QQQ).
AAGOX is managed by Alger. It was launched on Jan 9, 1989. 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: AAGOX or QQQ.
Correlation
The correlation between AAGOX and QQQ is 0.92, 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
AAGOX vs. QQQ - Performance Comparison
Key characteristics
AAGOX:
2.35
QQQ:
1.64
AAGOX:
3.00
QQQ:
2.19
AAGOX:
1.41
QQQ:
1.30
AAGOX:
1.04
QQQ:
2.16
AAGOX:
13.14
QQQ:
7.79
AAGOX:
3.65%
QQQ:
3.76%
AAGOX:
20.40%
QQQ:
17.85%
AAGOX:
-59.16%
QQQ:
-82.98%
AAGOX:
-19.46%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AAGOX achieves a 45.37% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, AAGOX has underperformed QQQ with an annualized return of 4.43%, while QQQ has yielded a comparatively higher 18.36% annualized return.
AAGOX
45.37%
1.84%
17.94%
46.07%
7.26%
4.43%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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AAGOX vs. QQQ - Expense Ratio Comparison
AAGOX has a 0.82% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AAGOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Large Cap Growth Portfolio Fund (AAGOX) 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.
Dividends
AAGOX vs. QQQ - Dividend Comparison
AAGOX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAGOX Alger Large Cap Growth Portfolio Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.71% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AAGOX vs. QQQ - Drawdown Comparison
The maximum AAGOX drawdown since its inception was -59.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AAGOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AAGOX vs. QQQ - Volatility Comparison
Alger Large Cap Growth Portfolio Fund (AAGOX) has a higher volatility of 6.63% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that AAGOX'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.