Correlation
The correlation between ATWYX 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.
ATWYX vs. QQQ
Compare and contrast key facts about AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Invesco QQQ (QQQ).
ATWYX is managed by Blackrock. It was launched on Sep 1, 2003. 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: ATWYX or QQQ.
Performance
ATWYX vs. QQQ - Performance Comparison
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Key characteristics
ATWYX:
0.51
QQQ:
0.62
ATWYX:
0.73
QQQ:
0.92
ATWYX:
1.10
QQQ:
1.13
ATWYX:
0.45
QQQ:
0.60
ATWYX:
1.76
QQQ:
1.94
ATWYX:
4.53%
QQQ:
7.02%
ATWYX:
18.41%
QQQ:
25.59%
ATWYX:
-60.18%
QQQ:
-82.98%
ATWYX:
-1.75%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, ATWYX achieves a 4.07% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, ATWYX has underperformed QQQ with an annualized return of 4.87%, while QQQ has yielded a comparatively higher 17.69% annualized return.
ATWYX
4.07%
6.52%
-0.23%
9.37%
9.44%
10.42%
4.87%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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ATWYX vs. QQQ - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ATWYX vs. QQQ — Risk-Adjusted Performance Rank
ATWYX
QQQ
ATWYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) 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
ATWYX vs. QQQ - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 2.39% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% | 2.77% |
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
ATWYX vs. QQQ - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -60.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ATWYX and QQQ.
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Volatility
ATWYX vs. QQQ - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 4.14%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that ATWYX 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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