Correlation
The correlation between CDDYX and QQQ is 0.92, 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.
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.
Performance
CDDYX vs. QQQ - Performance Comparison
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Key characteristics
CDDYX:
0.89
QQQ:
0.57
CDDYX:
1.12
QQQ:
0.95
CDDYX:
1.16
QQQ:
1.13
CDDYX:
0.83
QQQ:
0.62
CDDYX:
3.21
QQQ:
2.03
CDDYX:
3.36%
QQQ:
7.02%
CDDYX:
14.61%
QQQ:
25.60%
CDDYX:
-32.74%
QQQ:
-82.98%
CDDYX:
-2.86%
QQQ:
-3.49%
Returns By Period
In the year-to-date period, CDDYX achieves a 3.10% return, which is significantly higher than QQQ's 1.85% return. Over the past 10 years, CDDYX has underperformed QQQ with an annualized return of 11.08%, while QQQ has yielded a comparatively higher 17.67% annualized return.
CDDYX
3.10%
4.18%
-1.63%
12.87%
9.36%
13.32%
11.08%
QQQ
1.85%
9.34%
3.21%
14.61%
19.74%
18.12%
17.67%
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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.
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Dividends
CDDYX vs. QQQ - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 5.84%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 5.84% | 5.99% | 4.96% | 3.90% | 2.93% | 1.82% | 2.97% | 7.65% | 4.54% | 4.38% | 8.35% | 8.68% |
QQQ Invesco QQQ | 0.57% | 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 -32.74%, 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.
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Volatility
CDDYX vs. QQQ - Volatility Comparison
The current volatility for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) is 3.84%, while Invesco QQQ (QQQ) has a volatility of 5.60%. 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.
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