DTGRX vs. QQQ
Compare and contrast key facts about BNY Mellon Technology Growth Fund (DTGRX) and Invesco QQQ (QQQ).
DTGRX is managed by BNY Mellon. It was launched on Oct 12, 1997. 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: DTGRX or QQQ.
Key characteristics
| DTGRX | QQQ | |
|---|---|---|
| YTD Return | 26.40% | 26.09% |
| 1Y Return | 46.45% | 39.88% |
| 3Y Return (Ann) | -5.88% | 9.90% |
| 5Y Return (Ann) | 8.17% | 21.46% |
| 10Y Return (Ann) | 3.03% | 18.52% |
| Sharpe Ratio | 2.03 | 2.22 |
| Sortino Ratio | 2.62 | 2.92 |
| Omega Ratio | 1.35 | 1.40 |
| Calmar Ratio | 1.03 | 2.86 |
| Martin Ratio | 9.90 | 10.44 |
| Ulcer Index | 4.58% | 3.72% |
| Daily Std Dev | 22.33% | 17.47% |
| Max Drawdown | -83.23% | -82.98% |
| Current Drawdown | -17.73% | 0.00% |
Correlation
The correlation between DTGRX and QQQ is 0.92, 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
DTGRX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with DTGRX having a 26.40% return and QQQ slightly lower at 26.09%. Over the past 10 years, DTGRX has underperformed QQQ with an annualized return of 3.03%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DTGRX vs. QQQ - Expense Ratio Comparison
DTGRX has a 1.16% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DTGRX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Technology Growth Fund (DTGRX) 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
DTGRX vs. QQQ - Dividend Comparison
DTGRX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTGRX BNY Mellon Technology Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DTGRX vs. QQQ - Drawdown Comparison
The maximum DTGRX drawdown since its inception was -83.23%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DTGRX and QQQ. For additional features, visit the drawdowns tool.
Volatility
DTGRX vs. QQQ - Volatility Comparison
BNY Mellon Technology Growth Fund (DTGRX) has a higher volatility of 5.92% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that DTGRX'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.