BGSAX vs. QQQ
Compare and contrast key facts about BlackRock Technology Opportunities Fund Investor A (BGSAX) and Invesco QQQ ETF (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.
Performance
BGSAX vs. QQQ - Performance Comparison
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BGSAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | -6.28% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, BGSAX achieves a -6.28% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, BGSAX has outperformed QQQ with an annualized return of 20.75%, while QQQ has yielded a comparatively lower 18.99% annualized return.
BGSAX
- 1D
- 4.78%
- 1M
- -7.25%
- YTD
- -6.28%
- 6M
- -7.98%
- 1Y
- 27.41%
- 3Y*
- 25.12%
- 5Y*
- 7.65%
- 10Y*
- 20.75%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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BGSAX vs. QQQ - Expense Ratio Comparison
BGSAX has a 1.20% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
BGSAX vs. QQQ — Risk / Return Rank
BGSAX
QQQ
BGSAX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) and Invesco QQQ ETF (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.
| BGSAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.07 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.66 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.00 | -0.65 |
Martin ratioReturn relative to average drawdown | 4.07 | 7.32 | -3.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGSAX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.07 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.59 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.86 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.38 | +0.01 |
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.
Dividends
BGSAX vs. QQQ - Dividend Comparison
BGSAX's dividend yield for the trailing twelve months is around 14.46%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 14.46% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
BGSAX vs. QQQ - Drawdown Comparison
The maximum BGSAX drawdown since its inception was -73.75%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BGSAX and QQQ.
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Drawdown Indicators
| BGSAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.75% | -82.97% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.49% | -12.62% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.22% | -35.12% | -14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -49.22% | -35.12% | -14.10% |
Current DrawdownCurrent decline from peak | -14.59% | -7.86% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -32.99% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 3.44% | +2.68% |
Volatility
BGSAX vs. QQQ - Volatility Comparison
BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 10.93% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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.
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Volatility by Period
| BGSAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.93% | 6.61% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 12.82% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.44% | 22.70% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.43% | 22.38% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 22.25% | +3.35% |