CDDYX vs. QQQ
Compare and contrast key facts about Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and Invesco QQQ (QQQ).
CDDYX is managed by Columbia. It was launched on Nov 8, 2012. 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: CDDYX or QQQ.
Correlation
The correlation between CDDYX and QQQ is 0.74, 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
CDDYX vs. QQQ - Performance Comparison
Key characteristics
CDDYX:
1.22
QQQ:
1.18
CDDYX:
1.64
QQQ:
1.64
CDDYX:
1.23
QQQ:
1.22
CDDYX:
1.41
QQQ:
1.59
CDDYX:
4.25
QQQ:
5.50
CDDYX:
3.03%
QQQ:
3.93%
CDDYX:
10.61%
QQQ:
18.32%
CDDYX:
-32.77%
QQQ:
-82.98%
CDDYX:
-4.07%
QQQ:
-1.68%
Returns By Period
In the year-to-date period, CDDYX achieves a 4.74% return, which is significantly higher than QQQ's 3.34% return. Over the past 10 years, CDDYX has underperformed QQQ with an annualized return of 8.39%, while QQQ has yielded a comparatively higher 18.30% annualized return.
CDDYX
4.74%
4.74%
4.92%
14.00%
8.74%
8.39%
QQQ
3.34%
4.50%
14.51%
24.01%
18.46%
18.30%
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CDDYX vs. QQQ - Expense Ratio Comparison
CDDYX has a 0.55% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CDDYX vs. QQQ — Risk-Adjusted Performance Rank
CDDYX
QQQ
CDDYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) 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
CDDYX vs. QQQ - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 1.80%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 1.80% | 1.89% | 2.01% | 2.00% | 1.54% | 1.82% | 1.92% | 2.32% | 1.88% | 2.08% | 3.08% | 2.41% |
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
CDDYX vs. QQQ - Drawdown Comparison
The maximum CDDYX drawdown since its inception was -32.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CDDYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CDDYX vs. QQQ - Volatility Comparison
The current volatility for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) is 2.48%, while Invesco QQQ (QQQ) has a volatility of 5.30%. This indicates that CDDYX 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.