APGZX vs. QQQ
Compare and contrast key facts about AB Large Cap Growth Fund Class Z (APGZX) and Invesco QQQ (QQQ).
APGZX is managed by AllianceBernstein. It was launched on Jul 1, 2015. 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: APGZX or QQQ.
Key characteristics
APGZX | QQQ | |
---|---|---|
YTD Return | 12.29% | 8.34% |
1Y Return | 33.18% | 37.23% |
3Y Return (Ann) | 9.36% | 11.48% |
5Y Return (Ann) | 16.79% | 20.20% |
Sharpe Ratio | 2.27 | 2.27 |
Daily Std Dev | 14.64% | 16.23% |
Max Drawdown | -33.87% | -82.98% |
Current Drawdown | -2.16% | -0.74% |
Correlation
The correlation between APGZX and QQQ is 0.94, 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
APGZX vs. QQQ - Performance Comparison
In the year-to-date period, APGZX achieves a 12.29% return, which is significantly higher than QQQ's 8.34% 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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APGZX vs. QQQ - Expense Ratio Comparison
APGZX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
APGZX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Large Cap Growth Fund Class Z (APGZX) 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
APGZX vs. QQQ - Dividend Comparison
APGZX's dividend yield for the trailing twelve months is around 1.51%, more than QQQ's 0.59% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AB Large Cap Growth Fund Class Z | 1.51% | 1.69% | 0.87% | 7.19% | 2.60% | 3.49% | 9.11% | 3.78% | 2.72% | 8.62% | 0.00% | 0.00% |
Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
APGZX vs. QQQ - Drawdown Comparison
The maximum APGZX drawdown since its inception was -33.87%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for APGZX and QQQ. For additional features, visit the drawdowns tool.
Volatility
APGZX vs. QQQ - Volatility Comparison
The current volatility for AB Large Cap Growth Fund Class Z (APGZX) is 4.95%, while Invesco QQQ (QQQ) has a volatility of 5.23%. This indicates that APGZX 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.