BHCHX vs. QQQ
Compare and contrast key facts about Baron Health Care Fund (BHCHX) and Invesco QQQ (QQQ).
BHCHX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2018. 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: BHCHX or QQQ.
Key characteristics
| BHCHX | QQQ | |
|---|---|---|
| YTD Return | 6.88% | 10.74% |
| 1Y Return | 10.41% | 39.36% |
| 3Y Return (Ann) | 1.66% | 12.27% |
| 5Y Return (Ann) | 13.72% | 20.73% |
| Sharpe Ratio | 0.75 | 2.43 |
| Daily Std Dev | 13.09% | 16.27% |
| Max Drawdown | -29.26% | -82.98% |
| Current Drawdown | -10.54% | 0.00% |
Correlation
The correlation between BHCHX and QQQ is 0.71, 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
BHCHX vs. QQQ - Performance Comparison
In the year-to-date period, BHCHX achieves a 6.88% return, which is significantly lower than QQQ's 10.74% 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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BHCHX vs. QQQ - Expense Ratio Comparison
BHCHX has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BHCHX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Health Care Fund (BHCHX) 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
BHCHX vs. QQQ - Dividend Comparison
BHCHX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHCHX Baron Health Care Fund | 0.00% | 0.00% | 0.00% | 1.41% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
BHCHX vs. QQQ - Drawdown Comparison
The maximum BHCHX drawdown since its inception was -29.26%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BHCHX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BHCHX vs. QQQ - Volatility Comparison
The current volatility for Baron Health Care Fund (BHCHX) is 3.70%, while Invesco QQQ (QQQ) has a volatility of 5.12%. This indicates that BHCHX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.