CDAZX vs. QQQ
Compare and contrast key facts about Multi-Manager Directional Alternative Strategies Fund (CDAZX) and Invesco QQQ (QQQ).
CDAZX is managed by Columbia. It was launched on Jan 2, 2017. 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: CDAZX or QQQ.
Correlation
The correlation between CDAZX and QQQ is 0.61, 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
CDAZX vs. QQQ - Performance Comparison
Key characteristics
CDAZX:
0.78
QQQ:
1.73
CDAZX:
0.94
QQQ:
2.29
CDAZX:
1.22
QQQ:
1.31
CDAZX:
0.26
QQQ:
2.28
CDAZX:
3.78
QQQ:
8.17
CDAZX:
2.70%
QQQ:
3.79%
CDAZX:
13.11%
QQQ:
17.95%
CDAZX:
-54.10%
QQQ:
-82.98%
CDAZX:
-32.11%
QQQ:
-3.48%
Returns By Period
In the year-to-date period, CDAZX achieves a 1.22% return, which is significantly lower than QQQ's 1.44% return.
CDAZX
1.22%
-10.77%
1.63%
10.36%
2.56%
N/A
QQQ
1.44%
-0.73%
4.83%
31.64%
20.15%
18.86%
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CDAZX vs. QQQ - Expense Ratio Comparison
CDAZX has a 1.84% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CDAZX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Directional Alternative Strategies Fund (CDAZX) 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
CDAZX vs. QQQ - Dividend Comparison
CDAZX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDAZX Multi-Manager Directional Alternative Strategies Fund | 0.00% | 0.00% | 1.34% | 2.19% | 1.11% | 0.00% | 0.00% | 0.89% | 1.56% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CDAZX vs. QQQ - Drawdown Comparison
The maximum CDAZX drawdown since its inception was -54.10%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CDAZX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CDAZX vs. QQQ - Volatility Comparison
Multi-Manager Directional Alternative Strategies Fund (CDAZX) has a higher volatility of 11.07% compared to Invesco QQQ (QQQ) at 5.95%. This indicates that CDAZX'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.