IMANX vs. QQQ
Compare and contrast key facts about Iman Fund (IMANX) and Invesco QQQ (QQQ).
IMANX is managed by Allied Asset. It was launched on Jun 30, 2000. 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: IMANX or QQQ.
Correlation
The correlation between IMANX 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
IMANX vs. QQQ - Performance Comparison
Key characteristics
IMANX:
1.53
QQQ:
1.58
IMANX:
2.10
QQQ:
2.13
IMANX:
1.28
QQQ:
1.28
IMANX:
0.93
QQQ:
2.13
IMANX:
8.25
QQQ:
7.44
IMANX:
2.88%
QQQ:
3.88%
IMANX:
15.56%
QQQ:
18.24%
IMANX:
-56.36%
QQQ:
-82.98%
IMANX:
-9.22%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, IMANX achieves a 2.73% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, IMANX has underperformed QQQ with an annualized return of 4.27%, while QQQ has yielded a comparatively higher 18.47% annualized return.
IMANX
2.73%
1.85%
3.70%
21.71%
3.78%
4.27%
QQQ
2.06%
0.76%
8.50%
24.61%
19.28%
18.47%
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IMANX vs. QQQ - Expense Ratio Comparison
IMANX has a 1.28% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IMANX vs. QQQ — Risk-Adjusted Performance Rank
IMANX
QQQ
IMANX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iman Fund (IMANX) 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
IMANX vs. QQQ - Dividend Comparison
IMANX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMANX Iman Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% | 0.03% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
IMANX vs. QQQ - Drawdown Comparison
The maximum IMANX drawdown since its inception was -56.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IMANX and QQQ. For additional features, visit the drawdowns tool.
Volatility
IMANX vs. QQQ - Volatility Comparison
The current volatility for Iman Fund (IMANX) is 5.04%, while Invesco QQQ (QQQ) has a volatility of 6.44%. This indicates that IMANX 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.