CGGR vs. QQQ
Compare and contrast key facts about Capital Group Growth ETF (CGGR) and Invesco QQQ (QQQ).
CGGR and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGGR is an actively managed fund by Capital Group. It was launched on Feb 22, 2022. 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: CGGR or QQQ.
Performance
CGGR vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, CGGR achieves a 32.18% return, which is significantly higher than QQQ's 23.84% return.
CGGR
32.18%
4.87%
17.60%
41.22%
N/A
N/A
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| CGGR | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.64 | 1.78 |
| Sortino Ratio | 3.44 | 2.37 |
| Omega Ratio | 1.47 | 1.32 |
| Calmar Ratio | 4.22 | 2.28 |
| Martin Ratio | 17.13 | 8.27 |
| Ulcer Index | 2.44% | 3.73% |
| Daily Std Dev | 15.84% | 17.37% |
| Max Drawdown | -28.90% | -82.98% |
| Current Drawdown | -0.98% | -1.78% |
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CGGR vs. QQQ - Expense Ratio Comparison
CGGR has a 0.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between CGGR and QQQ is 0.94, 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.
Risk-Adjusted Performance
CGGR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Growth ETF (CGGR) 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
CGGR vs. QQQ - Dividend Comparison
CGGR's dividend yield for the trailing twelve months is around 0.31%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGGR Capital Group Growth ETF | 0.31% | 0.40% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CGGR vs. QQQ - Drawdown Comparison
The maximum CGGR drawdown since its inception was -28.90%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CGGR and QQQ. For additional features, visit the drawdowns tool.
Volatility
CGGR vs. QQQ - Volatility Comparison
Capital Group Growth ETF (CGGR) and Invesco QQQ (QQQ) have volatilities of 5.22% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.