FNPFX vs. QQQ
Compare and contrast key facts about American Funds New Perspective Fund Class F-3 (FNPFX) and Invesco QQQ (QQQ).
FNPFX is managed by American Funds. It was launched on Mar 13, 1973. 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: FNPFX or QQQ.
Correlation
The correlation between FNPFX and QQQ is 0.90, 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
FNPFX vs. QQQ - Performance Comparison
Key characteristics
FNPFX:
1.03
QQQ:
1.71
FNPFX:
1.38
QQQ:
2.27
FNPFX:
1.20
QQQ:
1.31
FNPFX:
1.27
QQQ:
2.26
FNPFX:
6.44
QQQ:
8.12
FNPFX:
2.24%
QQQ:
3.77%
FNPFX:
14.02%
QQQ:
17.88%
FNPFX:
-34.25%
QQQ:
-82.98%
FNPFX:
-6.93%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, FNPFX achieves a 13.72% return, which is significantly lower than QQQ's 30.18% return.
FNPFX
13.72%
-3.37%
1.21%
14.44%
10.75%
N/A
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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FNPFX vs. QQQ - Expense Ratio Comparison
FNPFX has a 0.41% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FNPFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class F-3 (FNPFX) 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
FNPFX vs. QQQ - Dividend Comparison
FNPFX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNPFX American Funds New Perspective Fund Class F-3 | 0.00% | 1.25% | 1.21% | 0.65% | 0.40% | 1.31% | 1.55% | 0.77% | 0.00% | 0.00% | 0.00% | 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% | 1.02% |
Drawdowns
FNPFX vs. QQQ - Drawdown Comparison
The maximum FNPFX drawdown since its inception was -34.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FNPFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FNPFX vs. QQQ - Volatility Comparison
American Funds New Perspective Fund Class F-3 (FNPFX) has a higher volatility of 7.21% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that FNPFX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.