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.
Correlation
The correlation between AOVIX and QQQ is 0.89, 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
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Key characteristics
AOVIX:
0.40
QQQ:
0.45
AOVIX:
0.71
QQQ:
0.81
AOVIX:
1.10
QQQ:
1.11
AOVIX:
0.33
QQQ:
0.51
AOVIX:
1.81
QQQ:
1.65
AOVIX:
3.99%
QQQ:
6.96%
AOVIX:
17.14%
QQQ:
25.14%
AOVIX:
-57.82%
QQQ:
-82.98%
AOVIX:
-10.28%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, AOVIX achieves a 0.46% return, which is significantly higher than QQQ's -4.41% return. Over the past 10 years, AOVIX has underperformed QQQ with an annualized return of 2.17%, while QQQ has yielded a comparatively higher 17.24% annualized return.
AOVIX
0.46%
9.38%
-2.37%
6.61%
6.28%
2.17%
QQQ
-4.41%
9.37%
-4.80%
11.06%
17.35%
17.24%
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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 Rank
AOVIX
QQQ
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.
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Dividends
AOVIX vs. QQQ - Dividend Comparison
AOVIX's dividend yield for the trailing twelve months is around 1.78%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOVIX American Century Investments One Choice Portfolio: Very Aggressive | 1.78% | 1.79% | 1.59% | 1.35% | 4.18% | 0.63% | 1.23% | 2.02% | 1.78% | 0.95% | 2.48% | 1.87% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
AOVIX vs. QQQ - Drawdown Comparison
The maximum AOVIX drawdown since its inception was -57.82%, 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.
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Volatility
AOVIX vs. QQQ - Volatility Comparison
The current volatility for American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) is 5.43%, while Invesco QQQ (QQQ) has a volatility of 8.24%. 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.
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