BFTHX vs. QQQ
Compare and contrast key facts about Baron Fifth Avenue Growth Fund (BFTHX) and Invesco QQQ (QQQ).
BFTHX is managed by Baron Capital Group, Inc.. It was launched on Apr 30, 2004. 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: BFTHX or QQQ.
Key characteristics
| BFTHX | QQQ | |
|---|---|---|
| YTD Return | 7.30% | 4.38% |
| 1Y Return | 48.76% | 35.44% |
| 3Y Return (Ann) | -4.03% | 8.99% |
| 5Y Return (Ann) | 8.35% | 18.27% |
| 10Y Return (Ann) | 11.75% | 18.12% |
| Sharpe Ratio | 2.04 | 2.12 |
| Daily Std Dev | 23.73% | 16.27% |
| Max Drawdown | -58.84% | -82.98% |
| Current Drawdown | -27.62% | -4.36% |
Correlation
The correlation between BFTHX and QQQ is 0.89, 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
BFTHX vs. QQQ - Performance Comparison
In the year-to-date period, BFTHX achieves a 7.30% return, which is significantly higher than QQQ's 4.38% return. Over the past 10 years, BFTHX has underperformed QQQ with an annualized return of 11.75%, while QQQ has yielded a comparatively higher 18.12% 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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BFTHX vs. QQQ - Expense Ratio Comparison
BFTHX has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BFTHX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Fifth Avenue Growth Fund (BFTHX) 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
BFTHX vs. QQQ - Dividend Comparison
BFTHX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFTHX Baron Fifth Avenue Growth Fund | 0.00% | 0.00% | 0.00% | 3.19% | 0.36% | 2.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BFTHX vs. QQQ - Drawdown Comparison
The maximum BFTHX drawdown since its inception was -58.84%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BFTHX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BFTHX vs. QQQ - Volatility Comparison
Baron Fifth Avenue Growth Fund (BFTHX) has a higher volatility of 7.76% compared to Invesco QQQ (QQQ) at 5.61%. This indicates that BFTHX'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.