Correlation
The correlation between DGEFX and QQQ 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.
DGEFX vs. QQQ
Compare and contrast key facts about Destinations Equity Income Fund (DGEFX) and Invesco QQQ (QQQ).
DGEFX is managed by Destinations Funds. It was launched on Mar 20, 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: DGEFX or QQQ.
Performance
DGEFX vs. QQQ - Performance Comparison
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Key characteristics
DGEFX:
1.16
QQQ:
0.62
DGEFX:
1.52
QQQ:
0.92
DGEFX:
1.23
QQQ:
1.13
DGEFX:
1.26
QQQ:
0.60
DGEFX:
5.90
QQQ:
1.94
DGEFX:
2.45%
QQQ:
7.02%
DGEFX:
13.24%
QQQ:
25.59%
DGEFX:
-36.34%
QQQ:
-82.98%
DGEFX:
-0.37%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, DGEFX achieves a 6.65% return, which is significantly higher than QQQ's 1.69% return.
DGEFX
6.65%
3.26%
1.79%
13.51%
7.26%
11.84%
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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DGEFX vs. QQQ - Expense Ratio Comparison
DGEFX has a 0.92% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DGEFX vs. QQQ — Risk-Adjusted Performance Rank
DGEFX
QQQ
DGEFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Destinations Equity Income Fund (DGEFX) 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.
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Dividends
DGEFX vs. QQQ - Dividend Comparison
DGEFX's dividend yield for the trailing twelve months is around 2.49%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGEFX Destinations Equity Income Fund | 2.49% | 2.71% | 3.91% | 4.68% | 2.88% | 4.43% | 3.76% | 7.05% | 2.80% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DGEFX vs. QQQ - Drawdown Comparison
The maximum DGEFX drawdown since its inception was -36.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DGEFX and QQQ.
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Volatility
DGEFX vs. QQQ - Volatility Comparison
The current volatility for Destinations Equity Income Fund (DGEFX) is 3.14%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that DGEFX 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.
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