ELFTX vs. QQQ
Compare and contrast key facts about Elfun Tax Exempt Income Fund (ELFTX) and Invesco QQQ (QQQ).
ELFTX is managed by State Street Global Advisors. It was launched on Jan 1, 1980. 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: ELFTX or QQQ.
Correlation
The correlation between ELFTX and QQQ is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ELFTX vs. QQQ - Performance Comparison
Key characteristics
ELFTX:
0.00
QQQ:
0.15
ELFTX:
0.04
QQQ:
0.38
ELFTX:
1.01
QQQ:
1.05
ELFTX:
0.00
QQQ:
0.16
ELFTX:
0.02
QQQ:
0.58
ELFTX:
1.47%
QQQ:
6.25%
ELFTX:
5.70%
QQQ:
24.88%
ELFTX:
-14.59%
QQQ:
-82.98%
ELFTX:
-5.09%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, ELFTX achieves a -2.44% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, ELFTX has underperformed QQQ with an annualized return of 1.67%, while QQQ has yielded a comparatively higher 16.13% annualized return.
ELFTX
-2.44%
-2.09%
-2.82%
0.12%
0.32%
1.67%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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ELFTX vs. QQQ - Expense Ratio Comparison
ELFTX has a 0.21% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ELFTX vs. QQQ — Risk-Adjusted Performance Rank
ELFTX
QQQ
ELFTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Tax Exempt Income Fund (ELFTX) 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
ELFTX vs. QQQ - Dividend Comparison
ELFTX's dividend yield for the trailing twelve months is around 4.14%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFTX Elfun Tax Exempt Income Fund | 4.14% | 4.01% | 3.84% | 3.71% | 3.13% | 3.52% | 3.80% | 4.09% | 4.00% | 4.00% | 3.91% | 3.95% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ELFTX vs. QQQ - Drawdown Comparison
The maximum ELFTX drawdown since its inception was -14.59%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ELFTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ELFTX vs. QQQ - Volatility Comparison
The current volatility for Elfun Tax Exempt Income Fund (ELFTX) is 4.46%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that ELFTX 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.