GABGX vs. QQQ
Compare and contrast key facts about Gabelli Growth Fund (GABGX) and Invesco QQQ (QQQ).
GABGX is managed by Gabelli. It was launched on Apr 10, 1987. 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: GABGX or QQQ.
Key characteristics
| GABGX | QQQ | |
|---|---|---|
| YTD Return | 25.23% | 15.46% |
| 1Y Return | 37.74% | 28.15% |
| 3Y Return (Ann) | 5.10% | 8.77% |
| 5Y Return (Ann) | 15.49% | 20.70% |
| 10Y Return (Ann) | 14.05% | 17.75% |
| Sharpe Ratio | 2.01 | 1.58 |
| Daily Std Dev | 18.69% | 17.69% |
| Max Drawdown | -69.52% | -82.98% |
| Current Drawdown | -4.98% | -6.27% |
Correlation
The correlation between GABGX 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
GABGX vs. QQQ - Performance Comparison
In the year-to-date period, GABGX achieves a 25.23% return, which is significantly higher than QQQ's 15.46% return. Over the past 10 years, GABGX has underperformed QQQ with an annualized return of 14.05%, 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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GABGX vs. QQQ - Expense Ratio Comparison
GABGX has a 1.34% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GABGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Growth Fund (GABGX) 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
GABGX vs. QQQ - Dividend Comparison
GABGX'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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABGX Gabelli Growth Fund | 1.33% | 1.66% | 0.00% | 5.03% | 7.02% | 11.48% | 5.66% | 6.28% | 5.17% | 8.19% | 4.67% | 0.03% |
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
GABGX vs. QQQ - Drawdown Comparison
The maximum GABGX drawdown since its inception was -69.52%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GABGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GABGX vs. QQQ - Volatility Comparison
The current volatility for Gabelli Growth Fund (GABGX) is 5.53%, while Invesco QQQ (QQQ) has a volatility of 5.90%. This indicates that GABGX 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.