ACFOX vs. QQQ
Compare and contrast key facts about American Century Investments Focused Dynamic Growth Fund (ACFOX) and Invesco QQQ (QQQ).
ACFOX is managed by American Century Investments. It was launched on May 31, 2006. 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: ACFOX or QQQ.
Key characteristics
| ACFOX | QQQ | |
|---|---|---|
| YTD Return | 12.70% | 5.81% |
| 1Y Return | 37.41% | 35.06% |
| 3Y Return (Ann) | -0.90% | 9.32% |
| 5Y Return (Ann) | 14.73% | 18.88% |
| 10Y Return (Ann) | 14.22% | 18.36% |
| Sharpe Ratio | 2.18 | 2.23 |
| Daily Std Dev | 17.47% | 16.14% |
| Max Drawdown | -58.92% | -82.98% |
| Current Drawdown | -11.70% | -3.05% |
Correlation
The correlation between ACFOX and QQQ is 0.87, 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
ACFOX vs. QQQ - Performance Comparison
In the year-to-date period, ACFOX achieves a 12.70% return, which is significantly higher than QQQ's 5.81% return. Over the past 10 years, ACFOX has underperformed QQQ with an annualized return of 14.22%, while QQQ has yielded a comparatively higher 18.36% 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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ACFOX vs. QQQ - Expense Ratio Comparison
ACFOX has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ACFOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Dynamic Growth Fund (ACFOX) 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
ACFOX vs. QQQ - Dividend Comparison
ACFOX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACFOX American Century Investments Focused Dynamic Growth Fund | 0.00% | 0.00% | 0.00% | 2.48% | 0.62% | 0.00% | 0.00% | 0.00% | 1.15% | 1.33% | 1.32% | 0.96% |
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
ACFOX vs. QQQ - Drawdown Comparison
The maximum ACFOX drawdown since its inception was -58.92%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ACFOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ACFOX vs. QQQ - Volatility Comparison
American Century Investments Focused Dynamic Growth Fund (ACFOX) has a higher volatility of 6.57% compared to Invesco QQQ (QQQ) at 5.15%. This indicates that ACFOX'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.