AKRIX vs. QQQ
Compare and contrast key facts about Akre Focus Fund (AKRIX) and Invesco QQQ (QQQ).
AKRIX is managed by Akre. It was launched on Aug 31, 2009. 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: AKRIX or QQQ.
Correlation
The correlation between AKRIX and QQQ is 0.78, 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
AKRIX vs. QQQ - Performance Comparison
Key characteristics
AKRIX:
0.92
QQQ:
1.45
AKRIX:
1.26
QQQ:
1.97
AKRIX:
1.17
QQQ:
1.26
AKRIX:
0.82
QQQ:
1.93
AKRIX:
3.86
QQQ:
6.92
AKRIX:
3.38%
QQQ:
3.77%
AKRIX:
14.14%
QQQ:
18.02%
AKRIX:
-34.14%
QQQ:
-82.98%
AKRIX:
-10.11%
QQQ:
-4.04%
Returns By Period
Over the past 10 years, AKRIX has underperformed QQQ with an annualized return of 11.50%, while QQQ has yielded a comparatively higher 18.46% annualized return.
AKRIX
0.00%
-10.11%
6.16%
13.04%
8.03%
11.50%
QQQ
26.65%
1.31%
7.31%
26.65%
20.20%
18.46%
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AKRIX vs. QQQ - Expense Ratio Comparison
AKRIX has a 1.04% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AKRIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akre Focus Fund (AKRIX) 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
AKRIX vs. QQQ - Dividend Comparison
AKRIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AKRIX Akre Focus Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
AKRIX vs. QQQ - Drawdown Comparison
The maximum AKRIX drawdown since its inception was -34.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AKRIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AKRIX vs. QQQ - Volatility Comparison
Akre Focus Fund (AKRIX) has a higher volatility of 6.29% compared to Invesco QQQ (QQQ) at 5.75%. This indicates that AKRIX'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.