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.
Correlation
The correlation between ATWYX and QQQ is 0.86, 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
ATWYX vs. QQQ - Performance Comparison
Key characteristics
ATWYX:
1.25
QQQ:
1.30
ATWYX:
1.74
QQQ:
1.78
ATWYX:
1.23
QQQ:
1.24
ATWYX:
1.74
QQQ:
1.76
ATWYX:
6.51
QQQ:
6.08
ATWYX:
2.43%
QQQ:
3.92%
ATWYX:
12.67%
QQQ:
18.35%
ATWYX:
-60.18%
QQQ:
-82.98%
ATWYX:
-2.09%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ATWYX achieves a 3.71% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, ATWYX has underperformed QQQ with an annualized return of 5.01%, while QQQ has yielded a comparatively higher 18.06% annualized return.
ATWYX
3.71%
-0.52%
3.22%
13.52%
7.92%
5.01%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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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.
Dividends
ATWYX vs. QQQ - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 1.21%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 1.21% | 1.25% | 1.20% | 1.59% | 1.40% | 1.02% | 2.22% | 1.49% | 2.70% | 2.21% | 1.41% | 1.89% |
QQQ Invesco QQQ | 0.54% | 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. For additional features, visit the drawdowns tool.
Volatility
ATWYX vs. QQQ - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 3.53%, while Invesco QQQ (QQQ) has a volatility of 5.02%. 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.