ESDIX vs. QQQ
Compare and contrast key facts about Ashmore Emerging Markets Short Duration Select Fund (ESDIX) and Invesco QQQ (QQQ).
ESDIX is managed by Ashmore. It was launched on Jun 14, 2020. 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: ESDIX or QQQ.
Correlation
The correlation between ESDIX and QQQ is 0.14, 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
ESDIX vs. QQQ - Performance Comparison
Key characteristics
ESDIX:
3.73
QQQ:
1.24
ESDIX:
8.72
QQQ:
1.71
ESDIX:
2.55
QQQ:
1.22
ESDIX:
1.02
QQQ:
1.68
ESDIX:
39.73
QQQ:
5.78
ESDIX:
0.17%
QQQ:
3.93%
ESDIX:
1.80%
QQQ:
18.32%
ESDIX:
-16.14%
QQQ:
-82.98%
ESDIX:
-0.23%
QQQ:
-1.73%
Returns By Period
In the year-to-date period, ESDIX achieves a 0.62% return, which is significantly lower than QQQ's 3.28% return.
ESDIX
0.62%
0.74%
2.48%
6.60%
N/A
N/A
QQQ
3.28%
4.10%
14.48%
22.00%
18.51%
18.30%
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ESDIX vs. QQQ - Expense Ratio Comparison
ESDIX has a 0.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ESDIX vs. QQQ — Risk-Adjusted Performance Rank
ESDIX
QQQ
ESDIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Short Duration Select Fund (ESDIX) 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
ESDIX vs. QQQ - Dividend Comparison
ESDIX's dividend yield for the trailing twelve months is around 5.14%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESDIX Ashmore Emerging Markets Short Duration Select Fund | 5.14% | 5.47% | 4.06% | 3.97% | 3.85% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ESDIX vs. QQQ - Drawdown Comparison
The maximum ESDIX drawdown since its inception was -16.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ESDIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ESDIX vs. QQQ - Volatility Comparison
The current volatility for Ashmore Emerging Markets Short Duration Select Fund (ESDIX) is 0.51%, while Invesco QQQ (QQQ) has a volatility of 5.32%. This indicates that ESDIX 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.