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.
Key characteristics
| ATWYX | QQQ | |
|---|---|---|
| YTD Return | 12.73% | 10.51% |
| 1Y Return | 26.05% | 37.41% |
| 3Y Return (Ann) | 6.43% | 12.42% |
| 5Y Return (Ann) | 11.03% | 20.67% |
| 10Y Return (Ann) | 8.44% | 18.75% |
| Sharpe Ratio | 2.35 | 2.40 |
| Daily Std Dev | 11.68% | 16.27% |
| Max Drawdown | -59.13% | -82.98% |
| Current Drawdown | -0.32% | -0.20% |
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
In the year-to-date period, ATWYX achieves a 12.73% return, which is significantly higher than QQQ's 10.51% return. Over the past 10 years, ATWYX has underperformed QQQ with an annualized return of 8.44%, while QQQ has yielded a comparatively higher 18.75% 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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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 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 1.63%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 1.63% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% | 2.77% | 2.32% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ATWYX vs. QQQ - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.13%, 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 3.44%, while Invesco QQQ (QQQ) has a volatility of 4.91%. 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.