Correlation
The correlation between GDLFX and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GDLFX vs. QQQ
Compare and contrast key facts about Gotham Defensive Long 500 Fund (GDLFX) and Invesco QQQ (QQQ).
GDLFX is managed by Gotham. It was launched on Sep 29, 2016. 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: GDLFX or QQQ.
Performance
GDLFX vs. QQQ - Performance Comparison
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Key characteristics
GDLFX:
1.33
QQQ:
0.62
GDLFX:
1.87
QQQ:
0.92
GDLFX:
1.26
QQQ:
1.13
GDLFX:
1.40
QQQ:
0.60
GDLFX:
5.66
QQQ:
1.94
GDLFX:
3.39%
QQQ:
7.02%
GDLFX:
14.78%
QQQ:
25.59%
GDLFX:
-32.56%
QQQ:
-82.98%
GDLFX:
-0.62%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, GDLFX achieves a 8.29% return, which is significantly higher than QQQ's 1.69% return.
GDLFX
8.29%
5.63%
4.50%
17.77%
12.72%
11.79%
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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GDLFX vs. QQQ - Expense Ratio Comparison
GDLFX has a 1.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GDLFX vs. QQQ — Risk-Adjusted Performance Rank
GDLFX
QQQ
GDLFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Defensive Long 500 Fund (GDLFX) 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
GDLFX vs. QQQ - Dividend Comparison
GDLFX's dividend yield for the trailing twelve months is around 2.49%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDLFX Gotham Defensive Long 500 Fund | 2.49% | 2.69% | 0.00% | 0.26% | 0.61% | 1.13% | 1.42% | 8.82% | 0.63% | 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
GDLFX vs. QQQ - Drawdown Comparison
The maximum GDLFX drawdown since its inception was -32.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GDLFX and QQQ.
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Volatility
GDLFX vs. QQQ - Volatility Comparison
The current volatility for Gotham Defensive Long 500 Fund (GDLFX) is 3.80%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that GDLFX 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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