CBTAX vs. QQQ
Compare and contrast key facts about Six Circles Tax Aware Bond Fund (CBTAX) and Invesco QQQ (QQQ).
CBTAX is managed by Six Circles. It was launched on May 18, 2020. 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: CBTAX or QQQ.
Correlation
The correlation between CBTAX and QQQ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CBTAX vs. QQQ - Performance Comparison
Key characteristics
CBTAX:
1.11
QQQ:
1.30
CBTAX:
1.52
QQQ:
1.78
CBTAX:
1.24
QQQ:
1.24
CBTAX:
1.17
QQQ:
1.76
CBTAX:
3.96
QQQ:
6.08
CBTAX:
0.85%
QQQ:
3.92%
CBTAX:
3.02%
QQQ:
18.35%
CBTAX:
-11.98%
QQQ:
-82.98%
CBTAX:
-0.64%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, CBTAX achieves a 0.80% return, which is significantly lower than QQQ's 2.90% return.
CBTAX
0.80%
0.80%
0.98%
3.35%
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CBTAX vs. QQQ - Expense Ratio Comparison
CBTAX has a 0.14% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CBTAX vs. QQQ — Risk-Adjusted Performance Rank
CBTAX
QQQ
CBTAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Tax Aware Bond Fund (CBTAX) 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
CBTAX vs. QQQ - Dividend Comparison
CBTAX's dividend yield for the trailing twelve months is around 3.29%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBTAX Six Circles Tax Aware Bond Fund | 3.29% | 3.27% | 2.68% | 1.73% | 0.97% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CBTAX vs. QQQ - Drawdown Comparison
The maximum CBTAX drawdown since its inception was -11.98%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CBTAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CBTAX vs. QQQ - Volatility Comparison
The current volatility for Six Circles Tax Aware Bond Fund (CBTAX) is 0.97%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that CBTAX 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.