NDMAX vs. QQQ
Compare and contrast key facts about Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) and Invesco QQQ (QQQ).
NDMAX is managed by Nationwide. It was launched on Mar 29, 2000. 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: NDMAX or QQQ.
Correlation
The correlation between NDMAX 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.
Performance
NDMAX vs. QQQ - Performance Comparison
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Key characteristics
NDMAX:
4.17%
QQQ:
25.14%
NDMAX:
-0.33%
QQQ:
-82.98%
NDMAX:
0.00%
QQQ:
-9.42%
Returns By Period
NDMAX
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
-4.41%
7.39%
-4.80%
11.06%
17.86%
17.08%
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NDMAX vs. QQQ - Expense Ratio Comparison
NDMAX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
NDMAX vs. QQQ — Risk-Adjusted Performance Rank
NDMAX
QQQ
NDMAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) 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.
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Dividends
NDMAX vs. QQQ - Dividend Comparison
NDMAX's dividend yield for the trailing twelve months is around 2.81%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NDMAX vs. QQQ - Drawdown Comparison
The maximum NDMAX drawdown since its inception was -0.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NDMAX and QQQ. For additional features, visit the drawdowns tool.
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Volatility
NDMAX vs. QQQ - Volatility Comparison
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