BALCX vs. QQQ
Compare and contrast key facts about American Funds American Balanced Fund Class C (BALCX) and Invesco QQQ (QQQ).
BALCX is managed by American Funds. It was launched on Jul 26, 1975. 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: BALCX or QQQ.
Correlation
The correlation between BALCX and QQQ is 0.83, 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
BALCX vs. QQQ - Performance Comparison
Key characteristics
BALCX:
0.14
QQQ:
0.15
BALCX:
0.26
QQQ:
0.38
BALCX:
1.04
QQQ:
1.05
BALCX:
0.13
QQQ:
0.16
BALCX:
0.44
QQQ:
0.58
BALCX:
3.86%
QQQ:
6.25%
BALCX:
12.43%
QQQ:
24.88%
BALCX:
-40.25%
QQQ:
-82.98%
BALCX:
-10.39%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, BALCX achieves a -3.89% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, BALCX has underperformed QQQ with an annualized return of 3.80%, while QQQ has yielded a comparatively higher 16.17% annualized return.
BALCX
-3.89%
-3.80%
-9.04%
1.81%
5.18%
3.80%
QQQ
-13.00%
-6.28%
-9.32%
4.93%
16.35%
16.17%
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BALCX vs. QQQ - Expense Ratio Comparison
BALCX has a 1.31% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BALCX vs. QQQ — Risk-Adjusted Performance Rank
BALCX
QQQ
BALCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class C (BALCX) 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
BALCX vs. QQQ - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 1.40%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 1.40% | 1.35% | 1.67% | 0.91% | 0.48% | 0.63% | 1.20% | 1.25% | 1.02% | 1.02% | 1.47% | 6.98% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BALCX vs. QQQ - Drawdown Comparison
The maximum BALCX drawdown since its inception was -40.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BALCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BALCX vs. QQQ - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class C (BALCX) is 7.58%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that BALCX 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.