AASOX vs. QQQ
Compare and contrast key facts about Alger Small Cap Growth Portfolio (AASOX) and Invesco QQQ (QQQ).
AASOX is managed by Alger. It was launched on Sep 21, 1988. 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: AASOX or QQQ.
Correlation
The correlation between AASOX and QQQ is 0.81, 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
AASOX vs. QQQ - Performance Comparison
Key characteristics
AASOX:
0.50
QQQ:
1.71
AASOX:
0.82
QQQ:
2.27
AASOX:
1.10
QQQ:
1.31
AASOX:
0.14
QQQ:
2.26
AASOX:
2.18
QQQ:
8.12
AASOX:
4.59%
QQQ:
3.77%
AASOX:
20.08%
QQQ:
17.88%
AASOX:
-74.15%
QQQ:
-82.98%
AASOX:
-65.42%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, AASOX achieves a 9.92% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, AASOX has underperformed QQQ with an annualized return of -4.85%, while QQQ has yielded a comparatively higher 18.54% annualized return.
AASOX
9.92%
-4.87%
9.06%
9.99%
-8.68%
-4.85%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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AASOX vs. QQQ - Expense Ratio Comparison
AASOX has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AASOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Small Cap Growth Portfolio (AASOX) 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
AASOX vs. QQQ - Dividend Comparison
AASOX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AASOX Alger Small Cap Growth Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AASOX vs. QQQ - Drawdown Comparison
The maximum AASOX drawdown since its inception was -74.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AASOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AASOX vs. QQQ - Volatility Comparison
Alger Small Cap Growth Portfolio (AASOX) has a higher volatility of 5.96% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that AASOX'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.