ITAAX vs. QQQ
Compare and contrast key facts about Transamerica Short-Term Bond Fund (ITAAX) and Invesco QQQ (QQQ).
ITAAX is managed by Transamerica. It was launched on Nov 8, 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: ITAAX or QQQ.
Correlation
The correlation between ITAAX and QQQ is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ITAAX vs. QQQ - Performance Comparison
Key characteristics
ITAAX:
2.65
QQQ:
1.40
ITAAX:
4.40
QQQ:
1.90
ITAAX:
1.61
QQQ:
1.25
ITAAX:
4.86
QQQ:
1.88
ITAAX:
13.07
QQQ:
6.51
ITAAX:
0.41%
QQQ:
3.92%
ITAAX:
2.00%
QQQ:
18.23%
ITAAX:
-10.38%
QQQ:
-82.98%
ITAAX:
-0.10%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, ITAAX achieves a 0.54% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, ITAAX has underperformed QQQ with an annualized return of 2.11%, while QQQ has yielded a comparatively higher 18.32% annualized return.
ITAAX
0.54%
0.54%
1.77%
5.19%
1.86%
2.11%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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ITAAX vs. QQQ - Expense Ratio Comparison
ITAAX has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ITAAX vs. QQQ — Risk-Adjusted Performance Rank
ITAAX
QQQ
ITAAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Short-Term Bond Fund (ITAAX) 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
ITAAX vs. QQQ - Dividend Comparison
ITAAX's dividend yield for the trailing twelve months is around 4.03%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITAAX Transamerica Short-Term Bond Fund | 4.03% | 4.03% | 3.31% | 1.80% | 1.30% | 1.94% | 2.52% | 2.36% | 1.98% | 2.25% | 2.12% | 3.60% |
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
ITAAX vs. QQQ - Drawdown Comparison
The maximum ITAAX drawdown since its inception was -10.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ITAAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ITAAX vs. QQQ - Volatility Comparison
The current volatility for Transamerica Short-Term Bond Fund (ITAAX) is 0.38%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that ITAAX 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.