BOGSX vs. QQQ
Compare and contrast key facts about Black Oak Emerging Technology Fund (BOGSX) and Invesco QQQ (QQQ).
BOGSX is managed by Oak Associates. It was launched on Dec 28, 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: BOGSX or QQQ.
Key characteristics
| BOGSX | QQQ | |
|---|---|---|
| YTD Return | 5.19% | 9.03% |
| 1Y Return | 17.89% | 37.37% |
| 3Y Return (Ann) | 3.85% | 11.70% |
| 5Y Return (Ann) | 14.37% | 20.11% |
| 10Y Return (Ann) | 12.80% | 18.68% |
| Sharpe Ratio | 1.05 | 2.35 |
| Daily Std Dev | 18.75% | 16.21% |
| Max Drawdown | -92.80% | -82.98% |
| Current Drawdown | -11.24% | -0.10% |
Correlation
The correlation between BOGSX and QQQ is 0.86, 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
BOGSX vs. QQQ - Performance Comparison
In the year-to-date period, BOGSX achieves a 5.19% return, which is significantly lower than QQQ's 9.03% return. Over the past 10 years, BOGSX has underperformed QQQ with an annualized return of 12.80%, while QQQ has yielded a comparatively higher 18.68% 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. QQQ - Expense Ratio Comparison
BOGSX has a 1.03% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BOGSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Oak Emerging Technology Fund (BOGSX) 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
BOGSX vs. QQQ - Dividend Comparison
BOGSX's dividend yield for the trailing twelve months is around 3.60%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOGSX Black Oak Emerging Technology Fund | 3.60% | 3.79% | 1.87% | 11.31% | 6.30% | 5.47% | 11.71% | 7.71% | 4.00% | 3.09% | 0.00% | 0.00% |
QQQ 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
BOGSX vs. QQQ - Drawdown Comparison
The maximum BOGSX drawdown since its inception was -92.80%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BOGSX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BOGSX vs. QQQ - Volatility Comparison
Black Oak Emerging Technology Fund (BOGSX) has a higher volatility of 5.66% compared to Invesco QQQ (QQQ) at 4.93%. This indicates that BOGSX'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.