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.
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.
Performance
AOVIX vs. QQQ - Performance Comparison
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Key characteristics
AOVIX:
0.65
QQQ:
0.62
AOVIX:
0.91
QQQ:
0.92
AOVIX:
1.13
QQQ:
1.13
AOVIX:
0.59
QQQ:
0.60
AOVIX:
2.50
QQQ:
1.94
AOVIX:
3.98%
QQQ:
7.02%
AOVIX:
17.36%
QQQ:
25.59%
AOVIX:
-54.18%
QQQ:
-82.98%
AOVIX:
-1.08%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, AOVIX achieves a 4.13% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, AOVIX has underperformed QQQ with an annualized return of 8.57%, while QQQ has yielded a comparatively higher 17.69% annualized return.
AOVIX
4.13%
3.54%
0.49%
10.47%
9.83%
11.14%
8.57%
QQQ
1.69%
6.19%
2.15%
15.88%
19.78%
18.08%
17.69%
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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 1.90%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOVIX American Century Investments One Choice Portfolio: Very Aggressive | 1.90% | 1.98% | 1.59% | 12.63% | 9.86% | 8.31% | 9.11% | 10.18% | 3.59% | 4.63% | 16.33% | 1.87% |
QQQ Invesco QQQ | 0.58% | 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 -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.
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Volatility
AOVIX vs. QQQ - Volatility Comparison
The current volatility for American Century Investments One Choice Portfolio: Very Aggressive (AOVIX) is 3.92%, while Invesco QQQ (QQQ) has a volatility of 5.62%. 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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