FLCGX vs. QQQ
Compare and contrast key facts about Meeder Quantex Fund (FLCGX) and Invesco QQQ (QQQ).
FLCGX is managed by Meeder Funds. It was launched on Mar 20, 1985. 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: FLCGX or QQQ.
Correlation
The correlation between FLCGX and QQQ is 0.76, 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
FLCGX vs. QQQ - Performance Comparison
Key characteristics
FLCGX:
-0.06
QQQ:
1.30
FLCGX:
0.05
QQQ:
1.78
FLCGX:
1.01
QQQ:
1.24
FLCGX:
-0.06
QQQ:
1.76
FLCGX:
-0.17
QQQ:
6.08
FLCGX:
7.75%
QQQ:
3.92%
FLCGX:
20.37%
QQQ:
18.35%
FLCGX:
-70.54%
QQQ:
-82.98%
FLCGX:
-18.70%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FLCGX achieves a 4.42% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, FLCGX has underperformed QQQ with an annualized return of 0.79%, while QQQ has yielded a comparatively higher 18.06% annualized return.
FLCGX
4.42%
1.07%
-10.39%
-2.37%
0.68%
0.79%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FLCGX vs. QQQ - Expense Ratio Comparison
FLCGX has a 1.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FLCGX vs. QQQ — Risk-Adjusted Performance Rank
FLCGX
QQQ
FLCGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meeder Quantex Fund (FLCGX) 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
FLCGX vs. QQQ - Dividend Comparison
FLCGX's dividend yield for the trailing twelve months is around 1.21%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCGX Meeder Quantex Fund | 1.21% | 1.26% | 1.18% | 2.73% | 0.05% | 0.53% | 0.67% | 0.00% | 0.17% | 0.47% | 0.60% | 1.14% |
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
FLCGX vs. QQQ - Drawdown Comparison
The maximum FLCGX drawdown since its inception was -70.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FLCGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FLCGX vs. QQQ - Volatility Comparison
The current volatility for Meeder Quantex Fund (FLCGX) is 3.02%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FLCGX 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.