CPGAX vs. QQQ
Compare and contrast key facts about American Funds Global Growth Portfolio (CPGAX) and Invesco QQQ (QQQ).
CPGAX is managed by Pacific LifeFunds. It was launched on May 17, 2012. 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: CPGAX or QQQ.
Correlation
The correlation between CPGAX and QQQ is 0.87, 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
CPGAX vs. QQQ - Performance Comparison
Key characteristics
CPGAX:
0.91
QQQ:
1.37
CPGAX:
1.26
QQQ:
1.86
CPGAX:
1.17
QQQ:
1.25
CPGAX:
0.72
QQQ:
1.84
CPGAX:
4.42
QQQ:
6.35
CPGAX:
2.83%
QQQ:
3.92%
CPGAX:
13.74%
QQQ:
18.24%
CPGAX:
-36.28%
QQQ:
-82.98%
CPGAX:
-5.33%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with CPGAX having a 5.77% return and QQQ slightly lower at 5.53%. Over the past 10 years, CPGAX has underperformed QQQ with an annualized return of 5.58%, while QQQ has yielded a comparatively higher 18.38% annualized return.
CPGAX
5.77%
3.48%
3.53%
13.43%
6.50%
5.58%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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CPGAX vs. QQQ - Expense Ratio Comparison
CPGAX has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CPGAX vs. QQQ — Risk-Adjusted Performance Rank
CPGAX
QQQ
CPGAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Global Growth Portfolio (CPGAX) 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
CPGAX vs. QQQ - Dividend Comparison
CPGAX's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPGAX American Funds Global Growth Portfolio | 0.62% | 0.66% | 0.92% | 0.78% | 0.41% | 0.25% | 0.86% | 1.13% | 0.67% | 1.01% | 0.87% | 3.41% |
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
CPGAX vs. QQQ - Drawdown Comparison
The maximum CPGAX drawdown since its inception was -36.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CPGAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CPGAX vs. QQQ - Volatility Comparison
The current volatility for American Funds Global Growth Portfolio (CPGAX) is 3.61%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that CPGAX 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.