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:
1.12
QQQ:
1.58
CLPAX:
1.62
QQQ:
2.13
CLPAX:
1.20
QQQ:
1.28
CLPAX:
1.28
QQQ:
2.13
CLPAX:
4.59
QQQ:
7.44
CLPAX:
3.35%
QQQ:
3.88%
CLPAX:
13.73%
QQQ:
18.24%
CLPAX:
-36.85%
QQQ:
-82.98%
CLPAX:
-1.98%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, CLPAX achieves a 2.37% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, CLPAX has underperformed QQQ with an annualized return of 1.47%, while QQQ has yielded a comparatively higher 18.47% annualized return.
CLPAX
2.37%
1.06%
5.85%
12.63%
4.07%
1.47%
QQQ
2.06%
0.76%
8.50%
24.61%
19.28%
18.47%
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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 0.55%.
| 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 | 0.55% | 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
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 5.66%, while Invesco QQQ (QQQ) has a volatility of 6.45%. This indicates that CLPAX 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.