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.
Key characteristics
| GHM | QTEC | |
|---|---|---|
| YTD Return | 55.93% | 5.25% |
| 1Y Return | 90.35% | 24.19% |
| 3Y Return (Ann) | 35.84% | 3.68% |
| 5Y Return (Ann) | 9.61% | 15.94% |
| 10Y Return (Ann) | 0.97% | 16.83% |
| Sharpe Ratio | 2.02 | 1.07 |
| Daily Std Dev | 44.97% | 23.11% |
| Max Drawdown | -86.10% | -58.86% |
| Current Drawdown | -33.58% | -10.09% |
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
In the year-to-date period, GHM achieves a 55.93% return, which is significantly higher than QTEC's 5.25% return. Over the past 10 years, GHM has underperformed QTEC with an annualized return of 0.97%, while QTEC has yielded a comparatively higher 16.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.06%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHM Graham Corporation | 0.00% | 0.00% | 0.00% | 3.54% | 2.90% | 1.92% | 1.66% | 1.72% | 1.63% | 1.90% | 0.56% | 0.33% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.06% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% | 1.22% | 0.72% |
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 11.67% compared to First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) at 7.55%. 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.