GABBX vs. QQQ
Compare and contrast key facts about Gabelli Dividend Growth Fund (GABBX) and Invesco QQQ (QQQ).
GABBX is managed by Gabelli. It was launched on Aug 26, 1999. 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: GABBX or QQQ.
Key characteristics
| GABBX | QQQ | |
|---|---|---|
| YTD Return | 8.23% | 15.46% |
| 1Y Return | 14.08% | 28.15% |
| 3Y Return (Ann) | 2.94% | 8.77% |
| 5Y Return (Ann) | 7.35% | 20.70% |
| 10Y Return (Ann) | 4.81% | 17.75% |
| Sharpe Ratio | 1.25 | 1.58 |
| Daily Std Dev | 11.16% | 17.69% |
| Max Drawdown | -60.85% | -82.98% |
| Current Drawdown | -1.58% | -6.27% |
Correlation
The correlation between GABBX 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
GABBX vs. QQQ - Performance Comparison
In the year-to-date period, GABBX achieves a 8.23% return, which is significantly lower than QQQ's 15.46% return. Over the past 10 years, GABBX has underperformed QQQ with an annualized return of 4.81%, while QQQ has yielded a comparatively higher 17.75% annualized 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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GABBX vs. QQQ - Expense Ratio Comparison
GABBX has a 2.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GABBX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Dividend Growth Fund (GABBX) 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
GABBX vs. QQQ - Dividend Comparison
GABBX's dividend yield for the trailing twelve months is around 1.33%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABBX Gabelli Dividend Growth Fund | 1.33% | 1.43% | 1.72% | 11.25% | 2.90% | 4.42% | 11.77% | 16.73% | 5.97% | 3.35% | 1.42% | 4.03% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
GABBX vs. QQQ - Drawdown Comparison
The maximum GABBX drawdown since its inception was -60.85%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GABBX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GABBX vs. QQQ - Volatility Comparison
The current volatility for Gabelli Dividend Growth Fund (GABBX) is 3.39%, while Invesco QQQ (QQQ) has a volatility of 5.90%. This indicates that GABBX 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.