LONGX vs. QQQ
Compare and contrast key facts about Longboard Alternative Growth Fund (LONGX) and Invesco QQQ ETF (QQQ).
LONGX is managed by Longboard. It was launched on Mar 15, 2015. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
LONGX vs. QQQ - Performance Comparison
Loading graphics...
LONGX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 2.14% | 1.49% | 14.95% | 5.64% | -13.21% | 13.89% | 27.70% | 13.82% | 270.32% | 19.08% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, LONGX achieves a 2.14% return, which is significantly higher than QQQ's -4.76% return. Over the past 10 years, LONGX has outperformed QQQ with an annualized return of 23.85%, while QQQ has yielded a comparatively lower 18.99% annualized return.
LONGX
- 1D
- 1.80%
- 1M
- -4.43%
- YTD
- 2.14%
- 6M
- 1.80%
- 1Y
- 5.52%
- 3Y*
- 8.70%
- 5Y*
- 3.36%
- 10Y*
- 23.85%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LONGX vs. QQQ - Expense Ratio Comparison
LONGX has a 1.99% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
LONGX vs. QQQ — Risk / Return Rank
LONGX
QQQ
LONGX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longboard Alternative Growth Fund (LONGX) and Invesco QQQ ETF (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.
| LONGX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.07 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.66 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.00 | -1.13 |
Martin ratioReturn relative to average drawdown | 2.71 | 7.32 | -4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LONGX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.07 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.59 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.86 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.38 | -0.22 |
Correlation
The correlation between LONGX and QQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LONGX vs. QQQ - Dividend Comparison
LONGX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONGX Longboard Alternative Growth Fund | 0.00% | 0.00% | 0.00% | 5.40% | 7.64% | 1.73% | 0.00% | 0.00% | 3.10% | 268.50% | 23.29% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
LONGX vs. QQQ - Drawdown Comparison
The maximum LONGX drawdown since its inception was -77.16%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LONGX and QQQ.
Loading graphics...
Drawdown Indicators
| LONGX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.16% | -82.97% | +5.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -12.62% | +5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -35.12% | +15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -77.16% | -35.12% | -42.04% |
Current DrawdownCurrent decline from peak | -4.85% | -7.86% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -32.99% | +25.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 3.44% | -1.16% |
Volatility
LONGX vs. QQQ - Volatility Comparison
The current volatility for Longboard Alternative Growth Fund (LONGX) is 4.55%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that LONGX 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.
Loading graphics...
Volatility by Period
| LONGX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.61% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 12.82% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 22.70% | -11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 22.38% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.75% | 22.25% | +115.50% |