BOGSX vs. CQQQ
Compare and contrast key facts about Black Oak Emerging Technology Fund (BOGSX) and Invesco China Technology ETF (CQQQ).
BOGSX is managed by Oak Associates. It was launched on Dec 28, 2000. CQQQ is a passively managed fund by Invesco that tracks the performance of the AlphaShares China Technology Index. It was launched on Dec 8, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOGSX or CQQQ.
Key characteristics
| BOGSX | CQQQ | |
|---|---|---|
| YTD Return | 6.73% | 2.95% |
| 1Y Return | 16.44% | -7.55% |
| 3Y Return (Ann) | 4.62% | -21.90% |
| 5Y Return (Ann) | 15.18% | -3.77% |
| 10Y Return (Ann) | 12.90% | 2.01% |
| Sharpe Ratio | 0.97 | -0.29 |
| Daily Std Dev | 18.72% | 30.71% |
| Max Drawdown | -92.80% | -73.99% |
| Current Drawdown | -9.94% | -65.55% |
Correlation
The correlation between BOGSX and CQQQ is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BOGSX vs. CQQQ - Performance Comparison
In the year-to-date period, BOGSX achieves a 6.73% return, which is significantly higher than CQQQ's 2.95% return. Over the past 10 years, BOGSX has outperformed CQQQ with an annualized return of 12.90%, while CQQQ has yielded a comparatively lower 2.01% 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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BOGSX vs. CQQQ - Expense Ratio Comparison
BOGSX has a 1.03% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
BOGSX vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Oak Emerging Technology Fund (BOGSX) and Invesco China Technology ETF (CQQQ). 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
BOGSX vs. CQQQ - Dividend Comparison
BOGSX's dividend yield for the trailing twelve months is around 3.55%, more than CQQQ's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOGSX Black Oak Emerging Technology Fund | 3.55% | 3.79% | 1.87% | 11.31% | 6.30% | 5.47% | 11.71% | 7.71% | 4.00% | 3.09% | 0.00% | 0.00% |
CQQQ Invesco China Technology ETF | 0.53% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.41% | 1.69% | 1.77% | 1.00% | 0.79% |
Drawdowns
BOGSX vs. CQQQ - Drawdown Comparison
The maximum BOGSX drawdown since its inception was -92.80%, which is greater than CQQQ's maximum drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for BOGSX and CQQQ. For additional features, visit the drawdowns tool.
Volatility
BOGSX vs. CQQQ - Volatility Comparison
The current volatility for Black Oak Emerging Technology Fund (BOGSX) is 5.38%, while Invesco China Technology ETF (CQQQ) has a volatility of 10.54%. This indicates that BOGSX experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.