EQCHX vs. QQQ
Compare and contrast key facts about AXS Chesapeake Strategy Fund Class I (EQCHX) and Invesco QQQ (QQQ).
EQCHX is managed by AXS. It was launched on Sep 10, 2012. 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: EQCHX or QQQ.
Correlation
The correlation between EQCHX and QQQ is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EQCHX vs. QQQ - Performance Comparison
Key characteristics
EQCHX:
-0.59
QQQ:
1.30
EQCHX:
-0.68
QQQ:
1.78
EQCHX:
0.91
QQQ:
1.24
EQCHX:
-0.42
QQQ:
1.76
EQCHX:
-0.99
QQQ:
6.08
EQCHX:
8.74%
QQQ:
3.92%
EQCHX:
14.69%
QQQ:
18.35%
EQCHX:
-33.49%
QQQ:
-82.98%
EQCHX:
-16.91%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, EQCHX achieves a 0.10% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, EQCHX has underperformed QQQ with an annualized return of 0.65%, while QQQ has yielded a comparatively higher 18.06% annualized return.
EQCHX
0.10%
-1.50%
-3.35%
-10.16%
3.36%
0.65%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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EQCHX vs. QQQ - Expense Ratio Comparison
EQCHX has a 1.91% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
EQCHX vs. QQQ — Risk-Adjusted Performance Rank
EQCHX
QQQ
EQCHX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS Chesapeake Strategy Fund Class I (EQCHX) 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
EQCHX vs. QQQ - Dividend Comparison
EQCHX's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQCHX AXS Chesapeake Strategy Fund Class I | 0.62% | 0.62% | 1.82% | 1.54% | 20.40% | 0.00% | 3.86% | 0.74% | 0.00% | 0.00% | 1.13% | 19.52% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
EQCHX vs. QQQ - Drawdown Comparison
The maximum EQCHX drawdown since its inception was -33.49%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EQCHX and QQQ. For additional features, visit the drawdowns tool.
Volatility
EQCHX vs. QQQ - Volatility Comparison
The current volatility for AXS Chesapeake Strategy Fund Class I (EQCHX) is 4.59%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that EQCHX 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.