CFRIX vs. QQQ

Last updated Jun 4, 2026

CFRIX (Catalyst/CIFC Floating Rate Income Fund) and QQQ (Invesco QQQ ETF) are both funds - CFRIX is a Bank Loan fund managed by Catalyst Mutual Funds, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, CFRIX returned 5.24%/yr vs 21.94%/yr for QQQ. At a 0.22 correlation, their price movements are largely independent. CFRIX charges 0.90%/yr vs 0.18%/yr for QQQ.

Performance

CFRIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFRIX achieves a 0.93% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, CFRIX has underperformed QQQ with an annualized return of 5.24%, while QQQ has yielded a comparatively higher 21.94% annualized return.

CFRIX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.93%
• 6M: 1.76%
• 1Y: 5.02%
• 3Y*: 7.50%
• 5Y*: 4.74%
• 10Y*: 5.24%

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CFRIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFRIX Catalyst/CIFC Floating Rate Income Fund	0.93%	6.28%	7.98%	11.65%	-3.87%	3.12%	3.45%	10.05%	0.70%	7.24%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between CFRIX and QQQ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.22

The correlation between CFRIX and QQQ shifts across timeframes, from 0.22 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CFRIX vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFRIX

CFRIX Risk / Return Rank: 61
CFRIX Sharpe Ratio Rank: 50
CFRIX Sortino Ratio Rank: 86
CFRIX Omega Ratio Rank: 92
CFRIX Calmar Ratio Rank: 39
CFRIX Martin Ratio Rank: 38

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFRIX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Invesco QQQ ETF (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.

	CFRIX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.64	-0.57
Sortino ratio: Return per unit of downside risk	4.10	3.45	+0.65
Omega ratio: Gain probability vs. loss probability	1.70	1.45	+0.24
Calmar ratio: Return relative to maximum drawdown	2.35	3.51	-1.16
Martin ratio: Return relative to average drawdown	8.33	13.49	-5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFRIX vs. QQQ - Sharpe Ratio Comparison

The current CFRIX Sharpe Ratio is 2.07, which is comparable to the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of CFRIX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CFRIX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	2.64	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.76	0.81	+0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.39	0.99	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.41	+0.88

Drawdowns

CFRIX vs. QQQ - Drawdown Comparison

The maximum CFRIX drawdown since its inception was -19.18%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CFRIX and QQQ.

Drawdown Indicators

	CFRIX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-82.97%	+63.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.19%	-11.96%	+9.77%
Max Drawdown (3Y) Largest decline over 3 years	-2.55%	-22.77%	+20.22%
Max Drawdown (5Y) Largest decline over 5 years	-6.62%	-35.12%	+28.50%
Max Drawdown (10Y) Largest decline over 10 years	-19.18%	-35.12%	+15.94%
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.24%	-32.79%	+31.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	3.11%	-2.49%

Volatility

CFRIX vs. QQQ - Volatility Comparison

The current volatility for Catalyst/CIFC Floating Rate Income Fund (CFRIX) is 0.60%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that CFRIX 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.

Volatility by Period

	CFRIX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	4.49%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	12.10%	-10.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.49%	15.94%	-13.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.71%	22.38%	-19.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	22.29%	-18.49%

CFRIX vs. QQQ - Expense Ratio Comparison

CFRIX has a 0.90% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

CFRIX vs. QQQ - Dividend Comparison

CFRIX's dividend yield for the trailing twelve months is around 6.70%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFRIX Catalyst/CIFC Floating Rate Income Fund	6.70%	6.83%	7.32%	7.13%	3.79%	2.44%	4.06%	5.50%	4.26%	4.50%	5.69%	6.27%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both CFRIX and QQQ in my portfolio?

CFRIX and QQQ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFRIX or QQQ?

QQQ has higher volatility (4.49%) compared to CFRIX (0.60%). In terms of maximum drawdown, CFRIX dropped -19.18% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.