BGSAX vs. QQQ
Compare and contrast key facts about BlackRock Technology Opportunities Fund Investor A (BGSAX) and Invesco QQQ (QQQ).
BGSAX is managed by Blackrock. It was launched on Apr 15, 2000. 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: BGSAX or QQQ.
Key characteristics
BGSAX | QQQ | |
---|---|---|
YTD Return | 14.74% | 8.77% |
1Y Return | 46.58% | 45.81% |
3Y Return (Ann) | 3.53% | 12.81% |
5Y Return (Ann) | 18.22% | 20.75% |
10Y Return (Ann) | 18.67% | 18.73% |
Sharpe Ratio | 2.58 | 2.80 |
Daily Std Dev | 19.24% | 16.07% |
Max Drawdown | -73.76% | -82.98% |
Current Drawdown | -10.30% | -0.35% |
Correlation
The correlation between BGSAX and QQQ is 0.91, 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
BGSAX vs. QQQ - Performance Comparison
In the year-to-date period, BGSAX achieves a 14.74% return, which is significantly higher than QQQ's 8.77% return. Both investments have delivered pretty close results over the past 10 years, with BGSAX having a 18.67% annualized return and QQQ not far ahead at 18.73%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
BGSAX vs. QQQ - Expense Ratio Comparison
Risk-Adjusted Performance
BGSAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
BlackRock Technology Opportunities Fund Investor A | 2.58 | ||||
Invesco QQQ | 2.85 |
Dividends
BGSAX vs. QQQ - Dividend Comparison
BGSAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BlackRock Technology Opportunities Fund Investor A | 0.00% | 0.00% | 0.00% | 7.41% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% | 0.00% | 0.00% |
Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BGSAX vs. QQQ - Drawdown Comparison
The maximum BGSAX drawdown since its inception was -73.76%, smaller than the maximum QQQ drawdown of -82.98%. The drawdown chart below compares losses from any high point along the way for BGSAX and QQQ
Volatility
BGSAX vs. QQQ - Volatility Comparison
BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 5.86% compared to Invesco QQQ (QQQ) at 4.36%. This indicates that BGSAX'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.