AHLT vs. QQQ
Compare and contrast key facts about American Beacon AHL Trend ETF (AHLT) and Invesco QQQ (QQQ).
AHLT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHLT is an actively managed fund by American Beacon. It was launched on Aug 30, 2023. 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: AHLT or QQQ.
Correlation
The correlation between AHLT and QQQ is 0.36, 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
AHLT vs. QQQ - Performance Comparison
Key characteristics
AHLT:
0.15
QQQ:
1.64
AHLT:
0.31
QQQ:
2.19
AHLT:
1.04
QQQ:
1.30
AHLT:
0.14
QQQ:
2.16
AHLT:
0.29
QQQ:
7.79
AHLT:
8.99%
QQQ:
3.76%
AHLT:
16.69%
QQQ:
17.85%
AHLT:
-18.28%
QQQ:
-82.98%
AHLT:
-11.57%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, AHLT achieves a 5.70% return, which is significantly lower than QQQ's 27.20% return.
AHLT
5.70%
3.57%
-5.97%
6.18%
N/A
N/A
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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AHLT vs. QQQ - Expense Ratio Comparison
AHLT has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AHLT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Trend ETF (AHLT) 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
AHLT vs. QQQ - Dividend Comparison
AHLT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLT American Beacon AHL Trend ETF | 0.00% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AHLT vs. QQQ - Drawdown Comparison
The maximum AHLT drawdown since its inception was -18.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AHLT and QQQ. For additional features, visit the drawdowns tool.
Volatility
AHLT vs. QQQ - Volatility Comparison
The current volatility for American Beacon AHL Trend ETF (AHLT) is 4.30%, while Invesco QQQ (QQQ) has a volatility of 5.29%. This indicates that AHLT 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.