CZAMX vs. QQQ
Compare and contrast key facts about Multi-Manager Alternative Strategies Fund (CZAMX) and Invesco QQQ (QQQ).
CZAMX is managed by Columbia Threadneedle. It was launched on Jan 2, 2017. 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: CZAMX or QQQ.
Correlation
The correlation between CZAMX and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CZAMX vs. QQQ - Performance Comparison
Key characteristics
CZAMX:
0.64
QQQ:
1.34
CZAMX:
0.87
QQQ:
1.83
CZAMX:
1.12
QQQ:
1.24
CZAMX:
0.72
QQQ:
1.78
CZAMX:
1.51
QQQ:
6.25
CZAMX:
1.54%
QQQ:
3.86%
CZAMX:
3.65%
QQQ:
18.07%
CZAMX:
-7.16%
QQQ:
-82.98%
CZAMX:
-2.51%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, CZAMX achieves a 0.11% return, which is significantly higher than QQQ's -1.20% return.
CZAMX
0.11%
-0.42%
-2.51%
1.99%
2.73%
N/A
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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CZAMX vs. QQQ - Expense Ratio Comparison
CZAMX has a 1.27% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CZAMX vs. QQQ — Risk-Adjusted Performance Rank
CZAMX
QQQ
CZAMX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Alternative Strategies Fund (CZAMX) 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
CZAMX vs. QQQ - Dividend Comparison
CZAMX's dividend yield for the trailing twelve months is around 2.11%, more than QQQ's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZAMX Multi-Manager Alternative Strategies Fund | 2.11% | 2.12% | 2.60% | 7.46% | 1.44% | 0.89% | 2.11% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.56% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CZAMX vs. QQQ - Drawdown Comparison
The maximum CZAMX drawdown since its inception was -7.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CZAMX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CZAMX vs. QQQ - Volatility Comparison
The current volatility for Multi-Manager Alternative Strategies Fund (CZAMX) is 0.58%, while Invesco QQQ (QQQ) has a volatility of 5.94%. This indicates that CZAMX 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.