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.
Key characteristics
| EQCHX | QQQ | |
|---|---|---|
| YTD Return | 9.92% | 10.46% |
| 1Y Return | 0.55% | 34.84% |
| 3Y Return (Ann) | 5.04% | 12.65% |
| 5Y Return (Ann) | 6.87% | 20.64% |
| 10Y Return (Ann) | 5.61% | 18.79% |
| Sharpe Ratio | 0.16 | 2.30 |
| Daily Std Dev | 8.20% | 16.24% |
| Max Drawdown | -33.20% | -82.98% |
| Current Drawdown | -5.16% | -0.25% |
Correlation
The correlation between EQCHX and QQQ is 0.21, 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
In the year-to-date period, EQCHX achieves a 9.92% return, which is significantly lower than QQQ's 10.46% return. Over the past 10 years, EQCHX has underperformed QQQ with an annualized return of 5.61%, while QQQ has yielded a comparatively higher 18.79% 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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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 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 1.65%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQCHX AXS Chesapeake Strategy Fund Class I | 1.65% | 1.82% | 1.54% | 20.40% | 0.00% | 3.86% | 1.18% | 0.00% | 0.00% | 1.34% | 19.36% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
EQCHX vs. QQQ - Drawdown Comparison
The maximum EQCHX drawdown since its inception was -33.20%, 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 3.24%, while Invesco QQQ (QQQ) has a volatility of 4.84%. 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.