ADNPX vs. QQQ
Compare and contrast key facts about American Beacon ARK Transformational Innovation Fund (ADNPX) and Invesco QQQ (QQQ).
ADNPX is managed by American Beacon. It was launched on Jan 27, 2017. 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: ADNPX or QQQ.
Key characteristics
| ADNPX | QQQ | |
|---|---|---|
| YTD Return | -13.31% | 6.48% |
| 1Y Return | 26.48% | 38.66% |
| 3Y Return (Ann) | -25.72% | 10.38% |
| 5Y Return (Ann) | -0.75% | 18.72% |
| Sharpe Ratio | 0.83 | 2.33 |
| Daily Std Dev | 35.89% | 16.36% |
| Max Drawdown | -79.98% | -82.98% |
| Current Drawdown | -69.40% | -2.44% |
Correlation
The correlation between ADNPX and QQQ is 0.76, 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
ADNPX vs. QQQ - Performance Comparison
In the year-to-date period, ADNPX achieves a -13.31% return, which is significantly lower than QQQ's 6.48% 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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ADNPX vs. QQQ - Expense Ratio Comparison
ADNPX has a 1.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ADNPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon ARK Transformational Innovation Fund (ADNPX) 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
ADNPX vs. QQQ - Dividend Comparison
ADNPX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADNPX American Beacon ARK Transformational Innovation Fund | 0.00% | 0.00% | 9.67% | 31.49% | 0.39% | 3.31% | 6.56% | 3.64% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ADNPX vs. QQQ - Drawdown Comparison
The maximum ADNPX drawdown since its inception was -79.98%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ADNPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ADNPX vs. QQQ - Volatility Comparison
American Beacon ARK Transformational Innovation Fund (ADNPX) has a higher volatility of 9.80% compared to Invesco QQQ (QQQ) at 5.81%. This indicates that ADNPX'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.