CLMVX vs. QQQ
Compare and contrast key facts about Columbia Mortgage Opportunities Fund (CLMVX) and Invesco QQQ (QQQ).
CLMVX is managed by Columbia. It was launched on Apr 29, 2014. 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: CLMVX or QQQ.
Performance
CLMVX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, CLMVX achieves a 5.17% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, CLMVX has underperformed QQQ with an annualized return of 3.54%, while QQQ has yielded a comparatively higher 18.03% annualized return.
CLMVX
5.17%
-0.53%
7.40%
12.81%
1.35%
3.54%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| CLMVX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.76 |
| Sortino Ratio | 2.47 | 2.35 |
| Omega Ratio | 1.31 | 1.32 |
| Calmar Ratio | 0.67 | 2.25 |
| Martin Ratio | 5.19 | 8.18 |
| Ulcer Index | 2.39% | 3.74% |
| Daily Std Dev | 7.40% | 17.36% |
| Max Drawdown | -22.15% | -82.98% |
| Current Drawdown | -8.13% | -1.62% |
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CLMVX vs. QQQ - Expense Ratio Comparison
CLMVX has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between CLMVX and QQQ is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CLMVX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Mortgage Opportunities Fund (CLMVX) 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
CLMVX vs. QQQ - Dividend Comparison
CLMVX's dividend yield for the trailing twelve months is around 6.01%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLMVX Columbia Mortgage Opportunities Fund | 6.01% | 6.64% | 6.91% | 3.85% | 4.36% | 3.54% | 4.19% | 4.38% | 3.69% | 4.07% | 2.27% | 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
CLMVX vs. QQQ - Drawdown Comparison
The maximum CLMVX drawdown since its inception was -22.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLMVX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CLMVX vs. QQQ - Volatility Comparison
The current volatility for Columbia Mortgage Opportunities Fund (CLMVX) is 1.60%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that CLMVX 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.