GOLDX vs. QQQ
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and Invesco QQQ (QQQ).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994. 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: GOLDX or QQQ.
Performance
GOLDX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, GOLDX achieves a 26.40% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, GOLDX has underperformed QQQ with an annualized return of 7.79%, while QQQ has yielded a comparatively higher 18.03% annualized return.
GOLDX
26.40%
-9.54%
13.99%
35.76%
9.55%
7.79%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| GOLDX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.33 | 1.76 |
| Sortino Ratio | 1.90 | 2.35 |
| Omega Ratio | 1.23 | 1.32 |
| Calmar Ratio | 0.59 | 2.25 |
| Martin Ratio | 5.00 | 8.18 |
| Ulcer Index | 7.16% | 3.74% |
| Daily Std Dev | 26.84% | 17.36% |
| Max Drawdown | -79.86% | -82.98% |
| Current Drawdown | -40.07% | -1.62% |
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GOLDX vs. QQQ - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between GOLDX and QQQ is 0.18, 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.
Risk-Adjusted Performance
GOLDX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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
GOLDX vs. QQQ - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 0.90%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 0.90% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.52% | 2.18% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GOLDX vs. QQQ - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -79.86%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GOLDX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. QQQ - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 8.93% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that GOLDX'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.