GOF vs. QQQ
Compare and contrast key facts about Guggenheim Strategic Opportunities Fund (GOF) and Invesco QQQ (QQQ).
GOF is an actively managed fund by Guggenheim. It was launched on Jul 26, 2007. 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: GOF or QQQ.
Correlation
The correlation between GOF and QQQ is 0.32, 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
GOF vs. QQQ - Performance Comparison
Key characteristics
GOF:
1.32
QQQ:
0.15
GOF:
1.61
QQQ:
0.38
GOF:
1.32
QQQ:
1.05
GOF:
1.46
QQQ:
0.16
GOF:
8.16
QQQ:
0.58
GOF:
2.42%
QQQ:
6.25%
GOF:
15.04%
QQQ:
24.88%
GOF:
-54.67%
QQQ:
-82.98%
GOF:
-8.74%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, GOF achieves a -1.50% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, GOF has underperformed QQQ with an annualized return of 8.45%, while QQQ has yielded a comparatively higher 16.13% annualized return.
GOF
-1.50%
-7.93%
-2.88%
17.73%
12.82%
8.45%
QQQ
-13.00%
-7.51%
-9.91%
5.53%
16.35%
16.13%
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GOF vs. QQQ - Expense Ratio Comparison
GOF has a 1.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GOF vs. QQQ — Risk-Adjusted Performance Rank
GOF
QQQ
GOF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) 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
GOF vs. QQQ - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 15.24%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 15.24% | 14.31% | 17.06% | 14.35% | 11.92% | 11.26% | 12.07% | 11.95% | 10.12% | 11.12% | 12.98% | 10.45% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GOF vs. QQQ - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOF and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOF vs. QQQ - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 12.35%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that GOF 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.