QQQ vs. DGAGX
Compare and contrast key facts about Invesco QQQ (QQQ) and BNY Mellon Appreciation Fund, Inc. (DGAGX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. DGAGX is managed by T. Rowe Price. It was launched on Jan 18, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or DGAGX.
Correlation
The correlation between QQQ and DGAGX is 0.79, 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
QQQ vs. DGAGX - Performance Comparison
Key characteristics
QQQ:
1.30
DGAGX:
-0.26
QQQ:
1.78
DGAGX:
-0.20
QQQ:
1.23
DGAGX:
0.96
QQQ:
1.76
DGAGX:
-0.18
QQQ:
6.07
DGAGX:
-0.71
QQQ:
3.92%
DGAGX:
6.25%
QQQ:
18.29%
DGAGX:
17.06%
QQQ:
-82.98%
DGAGX:
-54.27%
QQQ:
-0.26%
DGAGX:
-21.99%
Returns By Period
In the year-to-date period, QQQ achieves a 4.83% return, which is significantly higher than DGAGX's 3.52% return. Over the past 10 years, QQQ has outperformed DGAGX with an annualized return of 18.46%, while DGAGX has yielded a comparatively lower -2.11% annualized return.
QQQ
4.83%
6.10%
13.30%
24.44%
18.78%
18.46%
DGAGX
3.52%
4.37%
-9.04%
-3.96%
3.11%
-2.11%
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QQQ vs. DGAGX - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than DGAGX's 0.88% expense ratio.
Risk-Adjusted Performance
QQQ vs. DGAGX — Risk-Adjusted Performance Rank
QQQ
DGAGX
QQQ vs. DGAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and BNY Mellon Appreciation Fund, Inc. (DGAGX). 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
QQQ vs. DGAGX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.53%, more than DGAGX's 0.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DGAGX BNY Mellon Appreciation Fund, Inc. | 0.36% | 0.37% | 0.63% | 0.62% | 0.32% | 0.59% | 0.96% | 1.49% | 1.18% | 1.70% | 2.20% | 1.68% |
Drawdowns
QQQ vs. DGAGX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than DGAGX's maximum drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for QQQ and DGAGX. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. DGAGX - Volatility Comparison
Invesco QQQ (QQQ) has a higher volatility of 5.42% compared to BNY Mellon Appreciation Fund, Inc. (DGAGX) at 3.27%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than DGAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.