APENX vs. QQQ
Compare and contrast key facts about Cavanal Hill Strategic Enhanced Yield Fund (APENX) and Invesco QQQ (QQQ).
APENX is managed by Cavanal Hill funds. It was launched on Dec 25, 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: APENX or QQQ.
Key characteristics
| APENX | QQQ | |
|---|---|---|
| YTD Return | -0.29% | 8.09% |
| 1Y Return | 2.46% | 36.42% |
| 3Y Return (Ann) | -2.24% | 11.48% |
| 5Y Return (Ann) | 0.24% | 19.86% |
| Sharpe Ratio | 0.50 | 2.27 |
| Daily Std Dev | 5.11% | 16.21% |
| Max Drawdown | -16.51% | -82.98% |
| Current Drawdown | -9.32% | -0.97% |
Correlation
The correlation between APENX and QQQ is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
APENX vs. QQQ - Performance Comparison
In the year-to-date period, APENX achieves a -0.29% return, which is significantly lower than QQQ's 8.09% 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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APENX vs. QQQ - Expense Ratio Comparison
APENX has a 1.01% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
APENX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Strategic Enhanced Yield Fund (APENX) 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
APENX vs. QQQ - Dividend Comparison
APENX's dividend yield for the trailing twelve months is around 4.80%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APENX Cavanal Hill Strategic Enhanced Yield Fund | 4.80% | 4.42% | 3.52% | 2.00% | 3.20% | 4.02% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
APENX vs. QQQ - Drawdown Comparison
The maximum APENX drawdown since its inception was -16.51%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for APENX and QQQ. For additional features, visit the drawdowns tool.
Volatility
APENX vs. QQQ - Volatility Comparison
The current volatility for Cavanal Hill Strategic Enhanced Yield Fund (APENX) is 1.44%, while Invesco QQQ (QQQ) has a volatility of 5.48%. This indicates that APENX 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.