Correlation
The correlation between BFMCX and QQQM is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BFMCX vs. QQQM
Compare and contrast key facts about BlackRock Core Bond Portfolio (BFMCX) and Invesco NASDAQ 100 ETF (QQQM).
BFMCX is managed by Blackrock. It was launched on Dec 9, 1992. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFMCX or QQQM.
Performance
BFMCX vs. QQQM - Performance Comparison
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Key characteristics
BFMCX:
0.80
QQQM:
0.52
BFMCX:
1.06
QQQM:
0.86
BFMCX:
1.12
QQQM:
1.12
BFMCX:
0.32
QQQM:
0.55
BFMCX:
1.67
QQQM:
1.78
BFMCX:
2.33%
QQQM:
7.00%
BFMCX:
5.53%
QQQM:
25.21%
BFMCX:
-18.91%
QQQM:
-35.05%
BFMCX:
-7.52%
QQQM:
-5.45%
Returns By Period
In the year-to-date period, BFMCX achieves a 1.43% return, which is significantly higher than QQQM's -0.22% return.
BFMCX
1.43%
-0.81%
1.27%
4.28%
1.24%
-0.77%
1.64%
QQQM
-0.22%
7.76%
1.02%
11.93%
21.94%
N/A
N/A
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BFMCX vs. QQQM - Expense Ratio Comparison
BFMCX has a 0.44% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
BFMCX vs. QQQM — Risk-Adjusted Performance Rank
BFMCX
QQQM
BFMCX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Portfolio (BFMCX) and Invesco NASDAQ 100 ETF (QQQM). 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
BFMCX vs. QQQM - Dividend Comparison
BFMCX's dividend yield for the trailing twelve months is around 4.13%, more than QQQM's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFMCX BlackRock Core Bond Portfolio | 4.13% | 4.20% | 3.79% | 2.54% | 2.50% | 5.76% | 2.85% | 4.61% | 2.69% | 2.43% | 2.58% | 2.98% |
QQQM Invesco NASDAQ 100 ETF | 0.60% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFMCX vs. QQQM - Drawdown Comparison
The maximum BFMCX drawdown since its inception was -18.91%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for BFMCX and QQQM.
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Volatility
BFMCX vs. QQQM - Volatility Comparison
The current volatility for BlackRock Core Bond Portfolio (BFMCX) is 1.39%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.22%. This indicates that BFMCX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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