AOVIX vs. QQQ
Compare and contrast key facts about American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) and Invesco QQQ (QQQ).
AOVIX is managed by American Century Investments. It was launched on Sep 29, 2004. 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: AOVIX or QQQ.
Key characteristics
| AOVIX | QQQ | |
|---|---|---|
| YTD Return | 3.65% | 3.07% |
| 1Y Return | 14.54% | 32.86% |
| 3Y Return (Ann) | 1.18% | 8.34% |
| 5Y Return (Ann) | 8.20% | 17.98% |
| 10Y Return (Ann) | 8.37% | 18.03% |
| Sharpe Ratio | 1.13 | 1.95 |
| Daily Std Dev | 11.75% | 16.25% |
| Max Drawdown | -54.18% | -82.98% |
| Current Drawdown | -4.72% | -5.57% |
Correlation
The correlation between AOVIX and QQQ is 0.86, 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
AOVIX vs. QQQ - Performance Comparison
In the year-to-date period, AOVIX achieves a 3.65% return, which is significantly higher than QQQ's 3.07% return. Over the past 10 years, AOVIX has underperformed QQQ with an annualized return of 8.37%, while QQQ has yielded a comparatively higher 18.03% annualized 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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AOVIX vs. QQQ - Expense Ratio Comparison
AOVIX has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOVIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) 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
AOVIX vs. QQQ - Dividend Comparison
AOVIX's dividend yield for the trailing twelve months is around 1.54%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOVIX American Century Investments One Choice Portfolio: Very Aggressive | 1.54% | 1.59% | 12.63% | 9.86% | 8.31% | 9.10% | 10.18% | 3.59% | 4.63% | 16.33% | 1.87% | 0.88% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AOVIX vs. QQQ - Drawdown Comparison
The maximum AOVIX drawdown since its inception was -54.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AOVIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
AOVIX vs. QQQ - Volatility Comparison
The current volatility for American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) is 3.81%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that AOVIX 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.