AHLPX vs. QQQ
Compare and contrast key facts about American Beacon AHL Managed Futures Strategy Fund (AHLPX) and Invesco QQQ (QQQ).
AHLPX is managed by American Beacon. It was launched on Aug 18, 2014. 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: AHLPX or QQQ.
Key characteristics
| AHLPX | QQQ | |
|---|---|---|
| YTD Return | 6.58% | 6.48% |
| 1Y Return | 6.05% | 38.66% |
| 3Y Return (Ann) | 4.93% | 10.38% |
| 5Y Return (Ann) | 6.28% | 18.72% |
| Sharpe Ratio | 0.63 | 2.33 |
| Daily Std Dev | 8.96% | 16.36% |
| Max Drawdown | -14.52% | -82.98% |
| Current Drawdown | -4.87% | -2.44% |
Correlation
The correlation between AHLPX and QQQ is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AHLPX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with AHLPX having a 6.58% return and QQQ slightly lower at 6.48%. 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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AHLPX vs. QQQ - Expense Ratio Comparison
AHLPX has a 1.83% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AHLPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund (AHLPX) 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
AHLPX vs. QQQ - Dividend Comparison
AHLPX's dividend yield for the trailing twelve months is around 0.59%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLPX American Beacon AHL Managed Futures Strategy Fund | 0.59% | 0.63% | 17.64% | 7.15% | 5.14% | 4.17% | 1.45% | 4.07% | 0.00% | 3.40% | 2.80% | 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
AHLPX vs. QQQ - Drawdown Comparison
The maximum AHLPX drawdown since its inception was -14.52%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AHLPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AHLPX vs. QQQ - Volatility Comparison
The current volatility for American Beacon AHL Managed Futures Strategy Fund (AHLPX) is 3.95%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that AHLPX 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.