GAFFX vs. QQQ
Compare and contrast key facts about American Funds Growth Fund of Amer F3 (GAFFX) and Invesco QQQ (QQQ).
GAFFX is managed by American Funds. It was launched on Aug 1, 2008. 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: GAFFX or QQQ.
Correlation
The correlation between GAFFX and QQQ is 0.94, 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
GAFFX vs. QQQ - Performance Comparison
Key characteristics
GAFFX:
0.92
QQQ:
1.40
GAFFX:
1.18
QQQ:
1.90
GAFFX:
1.20
QQQ:
1.25
GAFFX:
0.90
QQQ:
1.88
GAFFX:
3.96
QQQ:
6.51
GAFFX:
4.37%
QQQ:
3.92%
GAFFX:
18.87%
QQQ:
18.23%
GAFFX:
-41.75%
QQQ:
-82.98%
GAFFX:
-7.16%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, GAFFX achieves a 5.60% return, which is significantly higher than QQQ's 5.09% return.
GAFFX
5.60%
0.96%
6.00%
18.43%
8.39%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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GAFFX vs. QQQ - Expense Ratio Comparison
GAFFX has a 0.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GAFFX vs. QQQ — Risk-Adjusted Performance Rank
GAFFX
QQQ
GAFFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Fund of Amer F3 (GAFFX) 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
GAFFX vs. QQQ - Dividend Comparison
GAFFX's dividend yield for the trailing twelve months is around 0.69%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFFX American Funds Growth Fund of Amer F3 | 0.69% | 0.73% | 0.89% | 0.72% | 0.40% | 0.53% | 1.17% | 1.09% | 0.83% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GAFFX vs. QQQ - Drawdown Comparison
The maximum GAFFX drawdown since its inception was -41.75%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GAFFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GAFFX vs. QQQ - Volatility Comparison
The current volatility for American Funds Growth Fund of Amer F3 (GAFFX) is 3.75%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that GAFFX 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.