GFFFX vs. QQQ
Compare and contrast key facts about American Funds The Growth Fund of America (GFFFX) and Invesco QQQ (QQQ).
GFFFX is managed by American Funds. It was launched on Dec 1, 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: GFFFX or QQQ.
Performance
GFFFX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, GFFFX achieves a 28.75% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, GFFFX has underperformed QQQ with an annualized return of 13.98%, while QQQ has yielded a comparatively higher 18.03% annualized return.
GFFFX
28.75%
2.58%
14.20%
37.40%
16.25%
13.98%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| GFFFX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.52 | 1.78 |
| Sortino Ratio | 3.31 | 2.37 |
| Omega Ratio | 1.46 | 1.32 |
| Calmar Ratio | 2.64 | 2.28 |
| Martin Ratio | 16.24 | 8.27 |
| Ulcer Index | 2.34% | 3.73% |
| Daily Std Dev | 15.04% | 17.37% |
| Max Drawdown | -44.33% | -82.98% |
| Current Drawdown | -1.51% | -1.78% |
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GFFFX vs. QQQ - Expense Ratio Comparison
GFFFX has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between GFFFX 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.
Risk-Adjusted Performance
GFFFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America (GFFFX) 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
GFFFX vs. QQQ - Dividend Comparison
GFFFX's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America | 0.62% | 0.80% | 0.59% | 0.30% | 0.44% | 0.96% | 0.99% | 0.72% | 0.84% | 0.90% | 10.90% | 7.53% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GFFFX vs. QQQ - Drawdown Comparison
The maximum GFFFX drawdown since its inception was -44.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GFFFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GFFFX vs. QQQ - Volatility Comparison
The current volatility for American Funds The Growth Fund of America (GFFFX) is 4.59%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that GFFFX 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.