LIWPX vs. QQQ
Compare and contrast key facts about BlackRock LifePath Index 2065 Fund (LIWPX) and Invesco QQQ (QQQ).
LIWPX is managed by Blackrock. It was launched on Oct 29, 2019. 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: LIWPX or QQQ.
Performance
LIWPX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, LIWPX achieves a 18.39% return, which is significantly lower than QQQ's 24.04% return.
LIWPX
18.39%
1.75%
9.17%
25.48%
10.68%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| LIWPX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.25 | 1.76 |
| Sortino Ratio | 3.13 | 2.35 |
| Omega Ratio | 1.43 | 1.32 |
| Calmar Ratio | 3.23 | 2.25 |
| Martin Ratio | 14.16 | 8.18 |
| Ulcer Index | 1.80% | 3.74% |
| Daily Std Dev | 11.31% | 17.36% |
| Max Drawdown | -33.12% | -82.98% |
| Current Drawdown | -0.82% | -1.62% |
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LIWPX vs. QQQ - Expense Ratio Comparison
LIWPX has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between LIWPX and QQQ is 0.80, 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.
Risk-Adjusted Performance
LIWPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2065 Fund (LIWPX) 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
LIWPX vs. QQQ - Dividend Comparison
LIWPX's dividend yield for the trailing twelve months is around 0.67%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIWPX BlackRock LifePath Index 2065 Fund | 0.67% | 1.76% | 1.50% | 1.59% | 1.13% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
LIWPX vs. QQQ - Drawdown Comparison
The maximum LIWPX drawdown since its inception was -33.12%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LIWPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
LIWPX vs. QQQ - Volatility Comparison
The current volatility for BlackRock LifePath Index 2065 Fund (LIWPX) is 3.11%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that LIWPX 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.