GOFIX vs. QQQ
Compare and contrast key facts about GMO Resources Fund (GOFIX) and Invesco QQQ (QQQ).
GOFIX is managed by GMO. It was launched on Dec 27, 2011. 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: GOFIX or QQQ.
Correlation
The correlation between GOFIX and QQQ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOFIX vs. QQQ - Performance Comparison
Key characteristics
GOFIX:
-0.38
QQQ:
1.37
GOFIX:
-0.39
QQQ:
1.86
GOFIX:
0.95
QQQ:
1.25
GOFIX:
-0.22
QQQ:
1.84
GOFIX:
-0.72
QQQ:
6.35
GOFIX:
10.70%
QQQ:
3.92%
GOFIX:
20.17%
QQQ:
18.24%
GOFIX:
-56.22%
QQQ:
-82.98%
GOFIX:
-32.03%
QQQ:
0.00%
Returns By Period
In the year-to-date period, GOFIX achieves a 2.51% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, GOFIX has underperformed QQQ with an annualized return of 5.74%, while QQQ has yielded a comparatively higher 18.38% annualized return.
GOFIX
2.51%
-2.44%
-7.80%
-6.69%
3.27%
5.74%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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GOFIX vs. QQQ - Expense Ratio Comparison
GOFIX has a 0.72% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GOFIX vs. QQQ — Risk-Adjusted Performance Rank
GOFIX
QQQ
GOFIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Resources Fund (GOFIX) 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
GOFIX vs. QQQ - Dividend Comparison
GOFIX's dividend yield for the trailing twelve months is around 3.32%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOFIX GMO Resources Fund | 3.32% | 3.40% | 3.80% | 4.43% | 11.98% | 1.90% | 2.99% | 4.06% | 3.86% | 2.89% | 3.29% | 6.61% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GOFIX vs. QQQ - Drawdown Comparison
The maximum GOFIX drawdown since its inception was -56.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOFIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOFIX vs. QQQ - Volatility Comparison
GMO Resources Fund (GOFIX) has a higher volatility of 5.21% compared to Invesco QQQ (QQQ) at 4.69%. This indicates that GOFIX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.