CMPGX vs. QQQ
Compare and contrast key facts about Principal Government & High Quality Bond Fund (CMPGX) and Invesco QQQ (QQQ).
CMPGX is managed by Principal Funds. It was launched on May 3, 1984. 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: CMPGX or QQQ.
Key characteristics
| CMPGX | QQQ | |
|---|---|---|
| YTD Return | -2.14% | 10.46% |
| 1Y Return | 0.57% | 34.84% |
| 3Y Return (Ann) | -3.88% | 12.65% |
| 5Y Return (Ann) | -1.26% | 20.64% |
| 10Y Return (Ann) | 0.19% | 18.79% |
| Sharpe Ratio | 0.13 | 2.30 |
| Daily Std Dev | 8.01% | 16.24% |
| Max Drawdown | -19.19% | -82.98% |
| Current Drawdown | -12.16% | -0.25% |
Correlation
The correlation between CMPGX and QQQ is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CMPGX vs. QQQ - Performance Comparison
In the year-to-date period, CMPGX achieves a -2.14% return, which is significantly lower than QQQ's 10.46% return. Over the past 10 years, CMPGX has underperformed QQQ with an annualized return of 0.19%, while QQQ has yielded a comparatively higher 18.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CMPGX vs. QQQ - Expense Ratio Comparison
CMPGX has a 0.78% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CMPGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Government & High Quality Bond Fund (CMPGX) 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
CMPGX vs. QQQ - Dividend Comparison
CMPGX's dividend yield for the trailing twelve months is around 2.71%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMPGX Principal Government & High Quality Bond Fund | 2.71% | 2.60% | 1.60% | 1.09% | 2.00% | 2.43% | 2.65% | 3.31% | 3.76% | 2.97% | 2.78% | 2.95% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
CMPGX vs. QQQ - Drawdown Comparison
The maximum CMPGX drawdown since its inception was -19.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CMPGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CMPGX vs. QQQ - Volatility Comparison
The current volatility for Principal Government & High Quality Bond Fund (CMPGX) is 1.62%, while Invesco QQQ (QQQ) has a volatility of 4.84%. This indicates that CMPGX 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.