LEHIX vs. QQQ
Compare and contrast key facts about BlackRock LifePath ESG Index 2045 Fund (LEHIX) and Invesco QQQ (QQQ).
LEHIX is managed by Blackrock. It was launched on Aug 17, 2020. 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: LEHIX or QQQ.
Correlation
The correlation between LEHIX and QQQ is 0.85, 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
LEHIX vs. QQQ - Performance Comparison
Key characteristics
LEHIX:
1.46
QQQ:
1.37
LEHIX:
2.06
QQQ:
1.86
LEHIX:
1.27
QQQ:
1.25
LEHIX:
2.33
QQQ:
1.84
LEHIX:
8.03
QQQ:
6.35
LEHIX:
1.97%
QQQ:
3.92%
LEHIX:
10.86%
QQQ:
18.24%
LEHIX:
-26.85%
QQQ:
-82.98%
LEHIX:
-0.14%
QQQ:
0.00%
Returns By Period
In the year-to-date period, LEHIX achieves a 4.34% return, which is significantly lower than QQQ's 5.53% return.
LEHIX
4.34%
2.83%
5.01%
16.44%
N/A
N/A
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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LEHIX vs. QQQ - Expense Ratio Comparison
LEHIX has a 0.05% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LEHIX vs. QQQ — Risk-Adjusted Performance Rank
LEHIX
QQQ
LEHIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2045 Fund (LEHIX) 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
LEHIX vs. QQQ - Dividend Comparison
LEHIX's dividend yield for the trailing twelve months is around 1.77%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEHIX BlackRock LifePath ESG Index 2045 Fund | 1.77% | 1.85% | 2.21% | 2.00% | 1.88% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 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
LEHIX vs. QQQ - Drawdown Comparison
The maximum LEHIX drawdown since its inception was -26.85%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LEHIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
LEHIX vs. QQQ - Volatility Comparison
The current volatility for BlackRock LifePath ESG Index 2045 Fund (LEHIX) is 2.77%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that LEHIX 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.