GTLLX vs. QQQ
Compare and contrast key facts about Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) and Invesco QQQ (QQQ).
GTLLX is managed by Glenmede. It was launched on Feb 27, 2004. 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: GTLLX or QQQ.
Correlation
The correlation between GTLLX and QQQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GTLLX vs. QQQ - Performance Comparison
Key characteristics
GTLLX:
0.35
QQQ:
0.47
GTLLX:
0.65
QQQ:
0.82
GTLLX:
1.09
QQQ:
1.11
GTLLX:
0.36
QQQ:
0.52
GTLLX:
1.32
QQQ:
1.79
GTLLX:
6.15%
QQQ:
6.64%
GTLLX:
23.11%
QQQ:
25.28%
GTLLX:
-54.32%
QQQ:
-82.98%
GTLLX:
-12.88%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, GTLLX achieves a -6.14% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, GTLLX has underperformed QQQ with an annualized return of 12.20%, while QQQ has yielded a comparatively higher 16.91% annualized return.
GTLLX
-6.14%
0.44%
-2.39%
7.21%
14.91%
12.20%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
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GTLLX vs. QQQ - Expense Ratio Comparison
GTLLX has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GTLLX vs. QQQ — Risk-Adjusted Performance Rank
GTLLX
QQQ
GTLLX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) 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
GTLLX vs. QQQ - Dividend Comparison
GTLLX's dividend yield for the trailing twelve months is around 43.07%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTLLX Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio | 43.07% | 40.42% | 4.91% | 7.93% | 20.20% | 15.12% | 14.10% | 16.97% | 2.29% | 0.58% | 0.61% | 3.13% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GTLLX vs. QQQ - Drawdown Comparison
The maximum GTLLX drawdown since its inception was -54.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GTLLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GTLLX vs. QQQ - Volatility Comparison
The current volatility for Glenmede Quantitative U.S. Large Cap Growth Equity Portfolio (GTLLX) is 15.76%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that GTLLX 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.