CLPAX vs. QQQ
Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Invesco QQQ ETF (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.
Performance
CLPAX vs. QQQ - Performance Comparison
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CLPAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | -6.01% | 12.32% | 11.42% | 35.92% | -30.54% | 13.11% | 5.25% | 19.41% | -3.65% | 8.20% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, CLPAX achieves a -6.01% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, CLPAX has underperformed QQQ with an annualized return of 5.45%, while QQQ has yielded a comparatively higher 18.99% annualized return.
CLPAX
- 1D
- 1.12%
- 1M
- -4.88%
- YTD
- -6.01%
- 6M
- -6.20%
- 1Y
- 14.98%
- 3Y*
- 11.51%
- 5Y*
- 4.87%
- 10Y*
- 5.45%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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CLPAX vs. QQQ - Expense Ratio Comparison
CLPAX has a 1.74% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
CLPAX vs. QQQ — Risk / Return Rank
CLPAX
QQQ
CLPAX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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.
| CLPAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.07 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.66 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.00 | -0.79 |
Martin ratioReturn relative to average drawdown | 3.60 | 7.32 | -3.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLPAX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.07 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.59 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.86 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.38 | -0.03 |
Correlation
The correlation between CLPAX and QQQ is 0.86, 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.
Dividends
CLPAX vs. QQQ - Dividend Comparison
CLPAX's dividend yield for the trailing twelve months is around 9.69%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 9.69% | 9.10% | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.26% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
CLPAX vs. QQQ - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -32.47%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for CLPAX and QQQ.
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Drawdown Indicators
| CLPAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.47% | -82.97% | +50.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -12.62% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -32.47% | -35.12% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.47% | -35.12% | +2.65% |
Current DrawdownCurrent decline from peak | -11.89% | -7.86% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -32.99% | +24.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 3.44% | +0.88% |
Volatility
CLPAX vs. QQQ - Volatility Comparison
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 3.45%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. 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.
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Volatility by Period
| CLPAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.61% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 12.82% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 22.70% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 22.38% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 22.25% | -7.86% |