HDGE.TO vs. QQQ
Compare and contrast key facts about Accelerate Absolute Return Hedge Fund (HDGE.TO) and Invesco QQQ (QQQ).
HDGE.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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: HDGE.TO or QQQ.
Correlation
The correlation between HDGE.TO and QQQ is 0.23, 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
HDGE.TO vs. QQQ - Performance Comparison
Key characteristics
HDGE.TO:
1.09
QQQ:
1.24
HDGE.TO:
1.63
QQQ:
1.71
HDGE.TO:
1.21
QQQ:
1.22
HDGE.TO:
2.49
QQQ:
1.68
HDGE.TO:
6.06
QQQ:
5.78
HDGE.TO:
2.63%
QQQ:
3.93%
HDGE.TO:
14.61%
QQQ:
18.32%
HDGE.TO:
-29.81%
QQQ:
-82.98%
HDGE.TO:
-2.85%
QQQ:
-1.73%
Returns By Period
In the year-to-date period, HDGE.TO achieves a 2.85% return, which is significantly lower than QQQ's 3.28% return.
HDGE.TO
2.85%
2.66%
5.65%
15.82%
12.29%
N/A
QQQ
3.28%
4.10%
14.48%
22.00%
18.51%
18.30%
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HDGE.TO vs. QQQ - Expense Ratio Comparison
Risk-Adjusted Performance
HDGE.TO vs. QQQ — Risk-Adjusted Performance Rank
HDGE.TO
QQQ
HDGE.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Accelerate Absolute Return Hedge Fund (HDGE.TO) 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
HDGE.TO vs. QQQ - Dividend Comparison
HDGE.TO's dividend yield for the trailing twelve months is around 1.44%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGE.TO Accelerate Absolute Return Hedge Fund | 1.44% | 1.48% | 1.79% | 1.82% | 2.05% | 2.55% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
HDGE.TO vs. QQQ - Drawdown Comparison
The maximum HDGE.TO drawdown since its inception was -29.81%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HDGE.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
HDGE.TO vs. QQQ - Volatility Comparison
The current volatility for Accelerate Absolute Return Hedge Fund (HDGE.TO) is 4.46%, while Invesco QQQ (QQQ) has a volatility of 5.30%. This indicates that HDGE.TO 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.