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:
0.57
QTEC:
-0.32
GHM:
1.14
QTEC:
-0.28
GHM:
1.15
QTEC:
0.97
GHM:
0.67
QTEC:
-0.46
GHM:
2.17
QTEC:
-1.18
GHM:
13.86%
QTEC:
6.67%
GHM:
52.55%
QTEC:
24.42%
GHM:
-86.10%
QTEC:
-58.86%
GHM:
-37.07%
QTEC:
-17.00%
Returns By Period
In the year-to-date period, GHM achieves a -29.64% return, which is significantly lower than QTEC's -7.13% return. Over the past 10 years, GHM has underperformed QTEC with an annualized return of 4.18%, while QTEC has yielded a comparatively higher 15.49% annualized return.
GHM
-29.64%
-18.56%
7.79%
25.41%
22.50%
4.18%
QTEC
-7.13%
-13.71%
-4.90%
-8.13%
15.90%
15.49%
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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 0.02%.
| 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 | 0.02% | 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
Graham Corporation (GHM) has a higher volatility of 16.59% compared to First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) at 9.28%. This indicates that GHM's price experiences larger fluctuations and is considered to be riskier than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.