EQTIX vs. QQQ
Compare and contrast key facts about Shelton Equity Income Fund (EQTIX) and Invesco QQQ (QQQ).
EQTIX is managed by Shelton Capital Management. It was launched on Sep 3, 1996. 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: EQTIX or QQQ.
Performance
EQTIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, EQTIX achieves a 19.52% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, EQTIX has underperformed QQQ with an annualized return of 1.79%, while QQQ has yielded a comparatively higher 18.03% annualized return.
EQTIX
19.52%
1.42%
11.30%
22.30%
5.82%
1.79%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| EQTIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.49 | 1.78 |
| Sortino Ratio | 3.45 | 2.37 |
| Omega Ratio | 1.47 | 1.32 |
| Calmar Ratio | 2.10 | 2.28 |
| Martin Ratio | 16.14 | 8.27 |
| Ulcer Index | 1.41% | 3.73% |
| Daily Std Dev | 9.09% | 17.37% |
| Max Drawdown | -54.79% | -82.98% |
| Current Drawdown | -0.33% | -1.78% |
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EQTIX vs. QQQ - Expense Ratio Comparison
EQTIX has a 0.72% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between EQTIX and QQQ is 0.77, 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.
Risk-Adjusted Performance
EQTIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Income Fund (EQTIX) 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
EQTIX vs. QQQ - Dividend Comparison
EQTIX's dividend yield for the trailing twelve months is around 8.51%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQTIX Shelton Equity Income Fund | 8.51% | 8.56% | 8.38% | 9.67% | 9.54% | 4.71% | 3.35% | 3.06% | 1.81% | 1.92% | 1.55% | 1.54% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
EQTIX vs. QQQ - Drawdown Comparison
The maximum EQTIX drawdown since its inception was -54.79%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EQTIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
EQTIX vs. QQQ - Volatility Comparison
The current volatility for Shelton Equity Income Fund (EQTIX) is 2.81%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that EQTIX 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.