ABUAX vs. QQQ
Compare and contrast key facts about Columbia Capital Allocation Moderate Portfolio (ABUAX) and Invesco QQQ (QQQ).
ABUAX is managed by Columbia Threadneedle. It was launched on Mar 3, 2004. 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: ABUAX or QQQ.
Key characteristics
| ABUAX | QQQ | |
|---|---|---|
| YTD Return | 2.86% | 6.48% |
| 1Y Return | 12.24% | 38.66% |
| 3Y Return (Ann) | 0.67% | 10.38% |
| 5Y Return (Ann) | 5.02% | 18.72% |
| 10Y Return (Ann) | 5.36% | 18.51% |
| Sharpe Ratio | 1.54 | 2.33 |
| Daily Std Dev | 7.71% | 16.36% |
| Max Drawdown | -40.25% | -82.98% |
| Current Drawdown | -2.97% | -2.44% |
Correlation
The correlation between ABUAX and QQQ is 0.84, 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
ABUAX vs. QQQ - Performance Comparison
In the year-to-date period, ABUAX achieves a 2.86% return, which is significantly lower than QQQ's 6.48% return. Over the past 10 years, ABUAX has underperformed QQQ with an annualized return of 5.36%, while QQQ has yielded a comparatively higher 18.51% 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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ABUAX vs. QQQ - Expense Ratio Comparison
ABUAX has a 0.38% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ABUAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Capital Allocation Moderate Portfolio (ABUAX) 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
ABUAX vs. QQQ - Dividend Comparison
ABUAX's dividend yield for the trailing twelve months is around 4.31%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABUAX Columbia Capital Allocation Moderate Portfolio | 4.31% | 4.17% | 5.92% | 13.22% | 5.18% | 5.94% | 7.65% | 6.48% | 4.47% | 8.09% | 11.35% | 5.51% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ABUAX vs. QQQ - Drawdown Comparison
The maximum ABUAX drawdown since its inception was -40.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ABUAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ABUAX vs. QQQ - Volatility Comparison
The current volatility for Columbia Capital Allocation Moderate Portfolio (ABUAX) is 2.63%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that ABUAX 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.