ARGFX vs. QQQ
Compare and contrast key facts about Ariel Fund (ARGFX) and Invesco QQQ (QQQ).
ARGFX is managed by Ariel Investments. It was launched on Nov 6, 1986. 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: ARGFX or QQQ.
Key characteristics
| ARGFX | QQQ | |
|---|---|---|
| YTD Return | 20.40% | 26.09% |
| 1Y Return | 36.72% | 39.88% |
| 3Y Return (Ann) | -3.31% | 9.90% |
| 5Y Return (Ann) | 4.47% | 21.46% |
| 10Y Return (Ann) | 0.82% | 18.52% |
| Sharpe Ratio | 1.80 | 2.22 |
| Sortino Ratio | 2.50 | 2.92 |
| Omega Ratio | 1.32 | 1.40 |
| Calmar Ratio | 1.04 | 2.86 |
| Martin Ratio | 9.61 | 10.44 |
| Ulcer Index | 3.68% | 3.72% |
| Daily Std Dev | 19.60% | 17.47% |
| Max Drawdown | -73.49% | -82.98% |
| Current Drawdown | -9.58% | 0.00% |
Correlation
The correlation between ARGFX and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARGFX vs. QQQ - Performance Comparison
In the year-to-date period, ARGFX achieves a 20.40% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, ARGFX has underperformed QQQ with an annualized return of 0.82%, while QQQ has yielded a comparatively higher 18.52% 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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ARGFX vs. QQQ - Expense Ratio Comparison
ARGFX has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ARGFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ariel Fund (ARGFX) 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
ARGFX vs. QQQ - Dividend Comparison
ARGFX's dividend yield for the trailing twelve months is around 0.35%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARGFX Ariel Fund | 0.35% | 0.42% | 0.43% | 0.04% | 0.30% | 0.84% | 1.07% | 0.68% | 0.29% | 0.69% | 0.55% | 0.56% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ARGFX vs. QQQ - Drawdown Comparison
The maximum ARGFX drawdown since its inception was -73.49%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARGFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARGFX vs. QQQ - Volatility Comparison
Ariel Fund (ARGFX) and Invesco QQQ (QQQ) have volatilities of 5.24% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.