CLPAX vs. QQQ
Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Invesco QQQ (QQQ).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013. 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: CLPAX or QQQ.
Correlation
The correlation between CLPAX and QQQ is 0.85, 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
CLPAX vs. QQQ - Performance Comparison
Key characteristics
CLPAX:
0.98
QQQ:
1.37
CLPAX:
1.43
QQQ:
1.86
CLPAX:
1.18
QQQ:
1.25
CLPAX:
1.15
QQQ:
1.84
CLPAX:
4.08
QQQ:
6.35
CLPAX:
3.37%
QQQ:
3.92%
CLPAX:
14.06%
QQQ:
18.24%
CLPAX:
-36.85%
QQQ:
-82.98%
CLPAX:
-0.80%
QQQ:
0.00%
Returns By Period
In the year-to-date period, CLPAX achieves a 4.51% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, CLPAX has underperformed QQQ with an annualized return of 1.18%, while QQQ has yielded a comparatively higher 18.38% annualized return.
CLPAX
4.51%
1.49%
9.02%
15.08%
4.46%
1.18%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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CLPAX vs. QQQ - Expense Ratio Comparison
CLPAX has a 1.74% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CLPAX vs. QQQ — Risk-Adjusted Performance Rank
CLPAX
QQQ
CLPAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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
CLPAX vs. QQQ - Dividend Comparison
CLPAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.08% | 0.29% | 0.02% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CLPAX vs. QQQ - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -36.85%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CLPAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CLPAX vs. QQQ - Volatility Comparison
Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Invesco QQQ (QQQ) have volatilities of 4.83% and 4.67%, 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.