HVEIX vs. QQQ
Compare and contrast key facts about HVIA Equity Fund (HVEIX) and Invesco QQQ (QQQ).
HVEIX is managed by HVIA Equity Fund. It was launched on Oct 3, 2016. 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: HVEIX or QQQ.
Correlation
The correlation between HVEIX and QQQ is 0.88, 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
HVEIX vs. QQQ - Performance Comparison
Key characteristics
HVEIX:
0.71
QQQ:
1.40
HVEIX:
1.05
QQQ:
1.90
HVEIX:
1.14
QQQ:
1.25
HVEIX:
1.12
QQQ:
1.88
HVEIX:
3.13
QQQ:
6.51
HVEIX:
3.41%
QQQ:
3.92%
HVEIX:
15.01%
QQQ:
18.23%
HVEIX:
-30.61%
QQQ:
-82.98%
HVEIX:
-4.77%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, HVEIX achieves a 3.58% return, which is significantly lower than QQQ's 5.09% return.
HVEIX
3.58%
-0.99%
2.13%
12.24%
10.99%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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HVEIX vs. QQQ - Expense Ratio Comparison
HVEIX has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
HVEIX vs. QQQ — Risk-Adjusted Performance Rank
HVEIX
QQQ
HVEIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HVIA Equity Fund (HVEIX) 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
HVEIX vs. QQQ - Dividend Comparison
HVEIX's dividend yield for the trailing twelve months is around 0.25%, less than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HVEIX HVIA Equity Fund | 0.25% | 0.25% | 0.40% | 0.76% | 0.13% | 0.02% | 0.47% | 0.65% | 0.47% | 0.14% | 0.00% | 0.00% |
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
HVEIX vs. QQQ - Drawdown Comparison
The maximum HVEIX drawdown since its inception was -30.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HVEIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
HVEIX vs. QQQ - Volatility Comparison
The current volatility for HVIA Equity Fund (HVEIX) is 3.23%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that HVEIX 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.