JAMEX vs. QQQ
Compare and contrast key facts about Jamestown Equity Fund (JAMEX) and Invesco QQQ (QQQ).
JAMEX is managed by Williamsburg Investment Trust. It was launched on Dec 1, 1992. 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: JAMEX or QQQ.
Correlation
The correlation between JAMEX and QQQ is 0.83, 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
JAMEX vs. QQQ - Performance Comparison
Key characteristics
JAMEX:
1.26
QQQ:
1.40
JAMEX:
1.72
QQQ:
1.90
JAMEX:
1.24
QQQ:
1.25
JAMEX:
2.00
QQQ:
1.88
JAMEX:
7.12
QQQ:
6.51
JAMEX:
2.30%
QQQ:
3.92%
JAMEX:
12.98%
QQQ:
18.23%
JAMEX:
-62.25%
QQQ:
-82.98%
JAMEX:
-1.04%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, JAMEX achieves a 3.91% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, JAMEX has underperformed QQQ with an annualized return of 5.72%, while QQQ has yielded a comparatively higher 18.32% annualized return.
JAMEX
3.91%
0.25%
6.37%
16.86%
9.07%
5.72%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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JAMEX vs. QQQ - Expense Ratio Comparison
JAMEX has a 0.98% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JAMEX vs. QQQ — Risk-Adjusted Performance Rank
JAMEX
QQQ
JAMEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jamestown Equity Fund (JAMEX) 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
JAMEX vs. QQQ - Dividend Comparison
JAMEX's dividend yield for the trailing twelve months is around 0.73%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAMEX Jamestown Equity Fund | 0.73% | 0.76% | 1.02% | 0.97% | 0.47% | 0.66% | 0.94% | 1.10% | 0.93% | 0.96% | 0.79% | 0.77% |
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
JAMEX vs. QQQ - Drawdown Comparison
The maximum JAMEX drawdown since its inception was -62.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JAMEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
JAMEX vs. QQQ - Volatility Comparison
The current volatility for Jamestown Equity Fund (JAMEX) is 3.13%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that JAMEX 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.