ELDFX vs. QQQ
Compare and contrast key facts about Elfun Diversified Fund (ELDFX) and Invesco QQQ (QQQ).
ELDFX is managed by State Street Global Advisors. It was launched on Jan 3, 1988. 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: ELDFX or QQQ.
Correlation
The correlation between ELDFX 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.
Performance
ELDFX vs. QQQ - Performance Comparison
Key characteristics
ELDFX:
1.13
QQQ:
1.40
ELDFX:
1.51
QQQ:
1.90
ELDFX:
1.22
QQQ:
1.25
ELDFX:
0.87
QQQ:
1.88
ELDFX:
4.53
QQQ:
6.51
ELDFX:
2.25%
QQQ:
3.92%
ELDFX:
9.02%
QQQ:
18.23%
ELDFX:
-45.00%
QQQ:
-82.98%
ELDFX:
-2.63%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, ELDFX achieves a 3.71% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, ELDFX has underperformed QQQ with an annualized return of 3.04%, while QQQ has yielded a comparatively higher 18.32% annualized return.
ELDFX
3.71%
1.90%
1.21%
10.49%
3.37%
3.04%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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ELDFX vs. QQQ - Expense Ratio Comparison
ELDFX has a 0.33% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ELDFX vs. QQQ — Risk-Adjusted Performance Rank
ELDFX
QQQ
ELDFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Diversified Fund (ELDFX) 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
ELDFX vs. QQQ - Dividend Comparison
ELDFX's dividend yield for the trailing twelve months is around 2.87%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELDFX Elfun Diversified Fund | 2.87% | 2.98% | 2.15% | 2.49% | 1.96% | 1.80% | 2.14% | 2.54% | 2.50% | 1.99% | 1.94% | 2.04% |
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% |
Drawdowns
ELDFX vs. QQQ - Drawdown Comparison
The maximum ELDFX drawdown since its inception was -45.00%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ELDFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ELDFX vs. QQQ - Volatility Comparison
The current volatility for Elfun Diversified Fund (ELDFX) is 1.86%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that ELDFX 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.