GHM vs. QTEC
Compare and contrast key facts about Graham Corporation (GHM) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC).
QTEC is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Technology Sector Index. It was launched on Apr 19, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHM or QTEC.
Correlation
The correlation between GHM and QTEC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GHM vs. QTEC - Performance Comparison
Key characteristics
GHM:
0.02
QTEC:
-0.39
GHM:
0.41
QTEC:
-0.36
GHM:
1.05
QTEC:
0.95
GHM:
0.03
QTEC:
-0.41
GHM:
0.07
QTEC:
-1.36
GHM:
17.29%
QTEC:
8.80%
GHM:
51.99%
QTEC:
31.15%
GHM:
-86.10%
QTEC:
-58.86%
GHM:
-39.98%
QTEC:
-23.46%
Returns By Period
In the year-to-date period, GHM achieves a -32.90% return, which is significantly lower than QTEC's -14.36% return. Over the past 10 years, GHM has underperformed QTEC with an annualized return of 3.87%, while QTEC has yielded a comparatively higher 14.45% annualized return.
GHM
-32.90%
-7.42%
-4.69%
6.65%
22.12%
3.87%
QTEC
-14.36%
-12.02%
-16.51%
-9.36%
11.44%
14.45%
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Risk-Adjusted Performance
GHM vs. QTEC — Risk-Adjusted Performance Rank
GHM
QTEC
GHM vs. QTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Graham Corporation (GHM) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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
GHM vs. QTEC - Dividend Comparison
GHM has not paid dividends to shareholders, while QTEC's dividend yield for the trailing twelve months is around 0.03%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHM Graham Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 3.54% | 2.90% | 1.92% | 1.66% | 1.72% | 1.63% | 1.90% | 0.56% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.03% | 0.02% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% | 1.22% |
Drawdowns
GHM vs. QTEC - Drawdown Comparison
The maximum GHM drawdown since its inception was -86.10%, which is greater than QTEC's maximum drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for GHM and QTEC. For additional features, visit the drawdowns tool.
Volatility
GHM vs. QTEC - Volatility Comparison
The current volatility for Graham Corporation (GHM) is 17.27%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 19.63%. This indicates that GHM experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.