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:
0.91
QQQ:
1.64
BALCX:
1.18
QQQ:
2.19
BALCX:
1.18
QQQ:
1.30
BALCX:
1.12
QQQ:
2.16
BALCX:
5.69
QQQ:
7.79
BALCX:
1.60%
QQQ:
3.76%
BALCX:
10.03%
QQQ:
17.85%
BALCX:
-40.25%
QQQ:
-82.98%
BALCX:
-7.49%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, BALCX achieves a 7.82% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, BALCX has underperformed QQQ with an annualized return of 7.30%, while QQQ has yielded a comparatively higher 18.36% annualized return.
BALCX
7.82%
-5.28%
-0.78%
8.40%
6.16%
7.30%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 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 0.41%, less than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 0.41% | 1.67% | 0.91% | 0.48% | 0.63% | 1.20% | 1.25% | 1.02% | 1.02% | 1.46% | 6.92% | 0.82% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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
American Funds American Balanced Fund Class C (BALCX) has a higher volatility of 6.01% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that BALCX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.