AMFEX vs. QQQ
Compare and contrast key facts about AAMA Equity Fund (AMFEX) and Invesco QQQ (QQQ).
AMFEX is managed by AAMA. It was launched on Jun 30, 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: AMFEX or QQQ.
Correlation
The correlation between AMFEX and QQQ is 0.88, 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
AMFEX vs. QQQ - Performance Comparison
Key characteristics
AMFEX:
0.69
QQQ:
1.37
AMFEX:
0.89
QQQ:
1.86
AMFEX:
1.16
QQQ:
1.25
AMFEX:
0.78
QQQ:
1.84
AMFEX:
2.50
QQQ:
6.35
AMFEX:
3.72%
QQQ:
3.92%
AMFEX:
13.39%
QQQ:
18.24%
AMFEX:
-30.41%
QQQ:
-82.98%
AMFEX:
-6.47%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with AMFEX having a 5.52% return and QQQ slightly higher at 5.53%.
AMFEX
5.52%
2.83%
0.63%
9.98%
8.21%
N/A
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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AMFEX vs. QQQ - Expense Ratio Comparison
AMFEX has a 1.17% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AMFEX vs. QQQ — Risk-Adjusted Performance Rank
AMFEX
QQQ
AMFEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAMA Equity Fund (AMFEX) 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
AMFEX vs. QQQ - Dividend Comparison
AMFEX's dividend yield for the trailing twelve months is around 0.88%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFEX AAMA Equity Fund | 0.88% | 0.93% | 0.92% | 0.71% | 0.22% | 0.44% | 0.79% | 0.83% | 0.41% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
AMFEX vs. QQQ - Drawdown Comparison
The maximum AMFEX drawdown since its inception was -30.41%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AMFEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AMFEX vs. QQQ - Volatility Comparison
The current volatility for AAMA Equity Fund (AMFEX) is 2.30%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that AMFEX 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.