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 0.92, 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
FNPFX vs. QQQ - Performance Comparison
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Key characteristics
FNPFX:
0.47
QQQ:
0.67
FNPFX:
0.78
QQQ:
1.12
FNPFX:
1.11
QQQ:
1.16
FNPFX:
0.40
QQQ:
0.77
FNPFX:
1.70
QQQ:
2.53
FNPFX:
5.44%
QQQ:
6.97%
FNPFX:
19.00%
QQQ:
25.50%
FNPFX:
-38.45%
QQQ:
-82.98%
FNPFX:
-6.82%
QQQ:
-4.29%
Returns By Period
In the year-to-date period, FNPFX achieves a 5.83% return, which is significantly higher than QQQ's 1.00% return.
FNPFX
5.83%
12.42%
0.16%
8.80%
9.78%
N/A
QQQ
1.00%
13.47%
0.83%
17.08%
19.20%
17.72%
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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 Rank
FNPFX
QQQ
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.
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Dividends
FNPFX vs. QQQ - Dividend Comparison
FNPFX's dividend yield for the trailing twelve months is around 0.87%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNPFX American Funds New Perspective Fund Class F-3 | 0.87% | 0.92% | 1.25% | 1.21% | 0.65% | 0.40% | 1.31% | 1.55% | 0.77% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FNPFX vs. QQQ - Drawdown Comparison
The maximum FNPFX drawdown since its inception was -38.45%, 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.
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Volatility
FNPFX vs. QQQ - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class F-3 (FNPFX) is 5.08%, while Invesco QQQ (QQQ) has a volatility of 7.54%. This indicates that FNPFX 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.
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