CCASX vs. QQQ
Compare and contrast key facts about Conestoga Small Cap (CCASX) and Invesco QQQ (QQQ).
CCASX is managed by Conestoga Capital Advisors. It was launched on Oct 1, 2002. 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: CCASX or QQQ.
Key characteristics
| CCASX | QQQ | |
|---|---|---|
| YTD Return | -0.20% | 9.03% |
| 1Y Return | 10.57% | 37.37% |
| 3Y Return (Ann) | -0.45% | 11.70% |
| 5Y Return (Ann) | 7.05% | 20.11% |
| 10Y Return (Ann) | 11.05% | 18.68% |
| Sharpe Ratio | 0.64 | 2.35 |
| Daily Std Dev | 17.67% | 16.21% |
| Max Drawdown | -47.99% | -82.98% |
| Current Drawdown | -17.18% | -0.10% |
Correlation
The correlation between CCASX and QQQ is 0.77, 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
CCASX vs. QQQ - Performance Comparison
In the year-to-date period, CCASX achieves a -0.20% return, which is significantly lower than QQQ's 9.03% return. Over the past 10 years, CCASX has underperformed QQQ with an annualized return of 11.05%, 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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CCASX vs. QQQ - Expense Ratio Comparison
CCASX has a 1.10% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CCASX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Conestoga Small Cap (CCASX) 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
CCASX vs. QQQ - Dividend Comparison
CCASX's dividend yield for the trailing twelve months is around 0.86%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCASX Conestoga Small Cap | 0.86% | 0.86% | 4.12% | 5.27% | 0.00% | 2.14% | 1.46% | 5.63% | 1.18% | 1.88% | 0.00% | 1.73% |
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
CCASX vs. QQQ - Drawdown Comparison
The maximum CCASX drawdown since its inception was -47.99%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CCASX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CCASX vs. QQQ - Volatility Comparison
The current volatility for Conestoga Small Cap (CCASX) is 3.93%, while Invesco QQQ (QQQ) has a volatility of 4.93%. This indicates that CCASX 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.