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 0.85, 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:
0.37
QQQ:
0.63
CTCAX:
0.72
QQQ:
1.03
CTCAX:
1.10
QQQ:
1.14
CTCAX:
0.42
QQQ:
0.70
CTCAX:
1.31
QQQ:
2.32
CTCAX:
8.62%
QQQ:
6.82%
CTCAX:
30.26%
QQQ:
25.22%
CTCAX:
-62.92%
QQQ:
-82.98%
CTCAX:
-11.94%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, CTCAX achieves a -7.15% return, which is significantly lower than QQQ's -4.24% return. Over the past 10 years, CTCAX has underperformed QQQ with an annualized return of 15.68%, while QQQ has yielded a comparatively higher 17.31% annualized return.
CTCAX
-7.15%
4.04%
-3.43%
11.01%
16.20%
15.68%
QQQ
-4.24%
2.66%
0.60%
15.21%
18.90%
17.31%
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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 0.61%.
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 | 0.61% | 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 18.81% compared to Invesco QQQ (QQQ) at 16.72%. 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.