ABRYX vs. QQQ
Compare and contrast key facts about Invesco Balanced-Risk Allocation Fund (ABRYX) and Invesco QQQ (QQQ).
ABRYX is managed by Invesco. It was launched on Jun 1, 2009. 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: ABRYX or QQQ.
Key characteristics
| ABRYX | QQQ | |
|---|---|---|
| YTD Return | 2.96% | 4.38% |
| 1Y Return | 7.46% | 35.44% |
| 3Y Return (Ann) | -0.79% | 8.99% |
| 5Y Return (Ann) | 3.40% | 18.27% |
| 10Y Return (Ann) | 3.76% | 18.12% |
| Sharpe Ratio | 0.91 | 2.12 |
| Daily Std Dev | 7.95% | 16.27% |
| Max Drawdown | -26.63% | -82.98% |
| Current Drawdown | -7.90% | -4.36% |
Correlation
The correlation between ABRYX and QQQ is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABRYX vs. QQQ - Performance Comparison
In the year-to-date period, ABRYX achieves a 2.96% return, which is significantly lower than QQQ's 4.38% return. Over the past 10 years, ABRYX has underperformed QQQ with an annualized return of 3.76%, while QQQ has yielded a comparatively higher 18.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ABRYX vs. QQQ - Expense Ratio Comparison
ABRYX has a 1.06% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ABRYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund (ABRYX) 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
ABRYX vs. QQQ - Dividend Comparison
ABRYX's dividend yield for the trailing twelve months is around 2.36%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABRYX Invesco Balanced-Risk Allocation Fund | 2.36% | 2.43% | 0.00% | 25.72% | 1.40% | 11.36% | 0.00% | 6.34% | 8.51% | 7.17% | 8.06% | 7.69% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ABRYX vs. QQQ - Drawdown Comparison
The maximum ABRYX drawdown since its inception was -26.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ABRYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ABRYX vs. QQQ - Volatility Comparison
The current volatility for Invesco Balanced-Risk Allocation Fund (ABRYX) is 2.10%, while Invesco QQQ (QQQ) has a volatility of 5.61%. This indicates that ABRYX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.