FDG vs. QQQE
Compare and contrast key facts about American Century Focused Dynamic Growth ETF (FDG) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
FDG and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDG is an actively managed fund by American Century Investments. It was launched on Mar 31, 2020. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDG or QQQE.
Key characteristics
| FDG | QQQE | |
|---|---|---|
| YTD Return | 12.12% | 1.28% |
| 1Y Return | 38.47% | 22.76% |
| 3Y Return (Ann) | -0.06% | 3.86% |
| Sharpe Ratio | 2.42 | 1.67 |
| Daily Std Dev | 17.06% | 14.89% |
| Max Drawdown | -43.69% | -32.14% |
| Current Drawdown | -10.50% | -4.20% |
Correlation
The correlation between FDG and QQQE is 0.92, 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.
Performance
FDG vs. QQQE - Performance Comparison
In the year-to-date period, FDG achieves a 12.12% return, which is significantly higher than QQQE's 1.28% 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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FDG vs. QQQE - Expense Ratio Comparison
FDG has a 0.45% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Risk-Adjusted Performance
FDG vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Dynamic Growth ETF (FDG) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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
FDG vs. QQQE - Dividend Comparison
FDG has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDG American Century Focused Dynamic Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.89% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
FDG vs. QQQE - Drawdown Comparison
The maximum FDG drawdown since its inception was -43.69%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for FDG and QQQE. For additional features, visit the drawdowns tool.
Volatility
FDG vs. QQQE - Volatility Comparison
American Century Focused Dynamic Growth ETF (FDG) has a higher volatility of 5.97% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.49%. This indicates that FDG's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.