CTCAX vs. QQQ
Compare and contrast key facts about Columbia Global Technology Growth Fund Class A (CTCAX) and Invesco QQQ (QQQ).
CTCAX is managed by Columbia Threadneedle. It was launched on Nov 9, 2000. 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: CTCAX or QQQ.
Correlation
The correlation between CTCAX and QQQ is 0.93, 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
CTCAX vs. QQQ - Performance Comparison
Key characteristics
CTCAX:
1.02
QQQ:
1.40
CTCAX:
1.45
QQQ:
1.90
CTCAX:
1.19
QQQ:
1.25
CTCAX:
1.42
QQQ:
1.88
CTCAX:
4.61
QQQ:
6.51
CTCAX:
5.14%
QQQ:
3.92%
CTCAX:
23.13%
QQQ:
18.23%
CTCAX:
-62.92%
QQQ:
-82.98%
CTCAX:
-1.49%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, CTCAX achieves a 3.86% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, CTCAX has underperformed QQQ with an annualized return of 16.90%, while QQQ has yielded a comparatively higher 18.32% annualized return.
CTCAX
3.86%
0.54%
11.28%
26.41%
16.11%
16.90%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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CTCAX vs. QQQ - Expense Ratio Comparison
CTCAX has a 1.18% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CTCAX vs. QQQ — Risk-Adjusted Performance Rank
CTCAX
QQQ
CTCAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Technology Growth Fund Class A (CTCAX) 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
CTCAX vs. QQQ - Dividend Comparison
CTCAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% |
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
CTCAX vs. QQQ - Drawdown Comparison
The maximum CTCAX drawdown since its inception was -62.92%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CTCAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CTCAX vs. QQQ - Volatility Comparison
Columbia Global Technology Growth Fund Class A (CTCAX) has a higher volatility of 7.75% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that CTCAX'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.