HLMIX vs. QQQ
Compare and contrast key facts about Harding Loevner International Equity Portfolio (HLMIX) and Invesco QQQ ETF (QQQ).
HLMIX is managed by Harding Loevner. It was launched on May 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.
Performance
HLMIX vs. QQQ - Performance Comparison
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HLMIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLMIX Harding Loevner International Equity Portfolio | 2.76% | 27.63% | 1.18% | 15.10% | -20.21% | 8.49% | 20.33% | 25.22% | -13.96% | 29.91% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, HLMIX achieves a 2.76% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, HLMIX has underperformed QQQ with an annualized return of 8.92%, while QQQ has yielded a comparatively higher 18.99% annualized return.
HLMIX
- 1D
- 2.65%
- 1M
- -6.56%
- YTD
- 2.76%
- 6M
- 6.09%
- 1Y
- 23.54%
- 3Y*
- 12.33%
- 5Y*
- 5.30%
- 10Y*
- 8.92%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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HLMIX vs. QQQ - Expense Ratio Comparison
HLMIX has a 0.79% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
HLMIX vs. QQQ — Risk / Return Rank
HLMIX
QQQ
HLMIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner International Equity Portfolio (HLMIX) and Invesco QQQ ETF (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.
| HLMIX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.07 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.11 | 1.66 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.00 | +0.19 |
Martin ratioReturn relative to average drawdown | 8.41 | 7.32 | +1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLMIX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.07 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.59 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.86 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.38 | -0.02 |
Correlation
The correlation between HLMIX and QQQ is 0.62, 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.
Dividends
HLMIX vs. QQQ - Dividend Comparison
HLMIX's dividend yield for the trailing twelve months is around 14.54%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMIX Harding Loevner International Equity Portfolio | 14.54% | 14.94% | 7.14% | 3.79% | 2.51% | 2.48% | 0.75% | 1.59% | 1.50% | 1.64% | 0.98% | 1.02% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
HLMIX vs. QQQ - Drawdown Comparison
The maximum HLMIX drawdown since its inception was -58.03%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HLMIX and QQQ.
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Drawdown Indicators
| HLMIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -82.97% | +24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -12.62% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.76% | -35.12% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -32.76% | -35.12% | +2.36% |
Current DrawdownCurrent decline from peak | -8.07% | -7.86% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -12.76% | -32.99% | +20.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.44% | -0.69% |
Volatility
HLMIX vs. QQQ - Volatility Comparison
Harding Loevner International Equity Portfolio (HLMIX) has a higher volatility of 7.06% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that HLMIX'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.
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Volatility by Period
| HLMIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 6.61% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 12.82% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 22.70% | -7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 22.38% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 22.25% | -5.85% |