ATLAX vs. QQQ
Compare and contrast key facts about Atlas U.S. Tactical Income Fund (ATLAX) and Invesco QQQ (QQQ).
ATLAX is managed by Voya. It was launched on Sep 29, 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: ATLAX or QQQ.
Correlation
The correlation between ATLAX and QQQ is 0.59, 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
ATLAX vs. QQQ - Performance Comparison
Key characteristics
ATLAX:
1.03
QQQ:
0.63
ATLAX:
1.49
QQQ:
1.03
ATLAX:
1.18
QQQ:
1.14
ATLAX:
0.55
QQQ:
0.70
ATLAX:
3.63
QQQ:
2.32
ATLAX:
2.20%
QQQ:
6.82%
ATLAX:
7.73%
QQQ:
25.22%
ATLAX:
-27.27%
QQQ:
-82.98%
ATLAX:
-8.42%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, ATLAX achieves a 1.48% return, which is significantly higher than QQQ's -4.24% return.
ATLAX
1.48%
-1.62%
1.90%
5.74%
N/A
N/A
QQQ
-4.24%
8.47%
0.60%
12.94%
18.64%
17.40%
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ATLAX vs. QQQ - Expense Ratio Comparison
ATLAX has a 1.18% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ATLAX vs. QQQ — Risk-Adjusted Performance Rank
ATLAX
QQQ
ATLAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Atlas U.S. Tactical Income Fund (ATLAX) 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
ATLAX vs. QQQ - Dividend Comparison
ATLAX's dividend yield for the trailing twelve months is around 4.81%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATLAX Atlas U.S. Tactical Income Fund | 4.81% | 4.77% | 4.64% | 4.05% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ATLAX vs. QQQ - Drawdown Comparison
The maximum ATLAX drawdown since its inception was -27.27%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ATLAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ATLAX vs. QQQ - Volatility Comparison
The current volatility for Atlas U.S. Tactical Income Fund (ATLAX) is 4.28%, while Invesco QQQ (QQQ) has a volatility of 16.72%. This indicates that ATLAX 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.