CPODX vs. QQQ
Compare and contrast key facts about Morgan Stanley Insight Fund (CPODX) and Invesco QQQ (QQQ).
CPODX is managed by Morgan Stanley. It was launched on Jul 28, 1997. 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: CPODX or QQQ.
Performance
CPODX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, CPODX achieves a 45.41% return, which is significantly higher than QQQ's 23.40% return. Over the past 10 years, CPODX has underperformed QQQ with an annualized return of 2.76%, while QQQ has yielded a comparatively higher 18.08% annualized return.
CPODX
45.41%
22.93%
47.75%
72.24%
0.04%
2.76%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| CPODX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.64 | 1.71 |
| Sortino Ratio | 3.31 | 2.29 |
| Omega Ratio | 1.42 | 1.31 |
| Calmar Ratio | 0.94 | 2.19 |
| Martin Ratio | 11.60 | 7.95 |
| Ulcer Index | 6.09% | 3.73% |
| Daily Std Dev | 26.74% | 17.38% |
| Max Drawdown | -84.51% | -82.98% |
| Current Drawdown | -57.37% | -2.13% |
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CPODX vs. QQQ - Expense Ratio Comparison
CPODX has a 0.83% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between CPODX 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.
Risk-Adjusted Performance
CPODX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight Fund (CPODX) 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
CPODX vs. QQQ - Dividend Comparison
CPODX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPODX Morgan Stanley Insight Fund | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.61% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CPODX vs. QQQ - Drawdown Comparison
The maximum CPODX drawdown since its inception was -84.51%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CPODX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CPODX vs. QQQ - Volatility Comparison
Morgan Stanley Insight Fund (CPODX) has a higher volatility of 9.06% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that CPODX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.