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 0.84, 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:
0.46
QQQ:
0.63
CLPAX:
0.77
QQQ:
1.03
CLPAX:
1.10
QQQ:
1.14
CLPAX:
0.46
QQQ:
0.70
CLPAX:
1.40
QQQ:
2.32
CLPAX:
5.97%
QQQ:
6.82%
CLPAX:
18.18%
QQQ:
25.22%
CLPAX:
-36.85%
QQQ:
-82.98%
CLPAX:
-8.86%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, CLPAX achieves a -3.98% return, which is significantly higher than QQQ's -4.24% return. Over the past 10 years, CLPAX has underperformed QQQ with an annualized return of 0.63%, while QQQ has yielded a comparatively higher 17.34% annualized return.
CLPAX
-3.98%
11.65%
-1.34%
6.72%
5.55%
0.63%
QQQ
-4.24%
15.65%
0.60%
12.94%
18.38%
17.34%
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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 0.61%.
| 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% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.72% | 1.89% |
QQQ Invesco QQQ | 0.61% | 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 10.91%, while Invesco QQQ (QQQ) has a volatility of 16.72%. 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.