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 0.70, 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.
Performance
NDMAX vs. QQQ - Performance Comparison
Key characteristics
NDMAX:
1.32
QQQ:
1.54
NDMAX:
1.84
QQQ:
2.06
NDMAX:
1.24
QQQ:
1.28
NDMAX:
2.01
QQQ:
2.03
NDMAX:
7.94
QQQ:
7.34
NDMAX:
1.68%
QQQ:
3.75%
NDMAX:
10.05%
QQQ:
17.90%
NDMAX:
-48.13%
QQQ:
-82.98%
NDMAX:
-4.20%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, NDMAX achieves a 12.02% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, NDMAX has underperformed QQQ with an annualized return of 7.28%, while QQQ has yielded a comparatively higher 18.30% annualized return.
NDMAX
12.02%
-1.32%
4.11%
12.50%
7.13%
7.28%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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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 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.
Dividends
NDMAX vs. QQQ - Dividend Comparison
NDMAX's dividend yield for the trailing twelve months is around 1.88%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMAX Nationwide Investor Destinations Moderately Aggressive Fund | 1.88% | 2.06% | 1.23% | 3.70% | 5.68% | 4.41% | 2.85% | 2.56% | 2.13% | 1.65% | 7.05% | 1.70% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NDMAX vs. QQQ - Drawdown Comparison
The maximum NDMAX drawdown since its inception was -48.13%, 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.
Volatility
NDMAX vs. QQQ - Volatility Comparison
The current volatility for Nationwide Investor Destinations Moderately Aggressive Fund (NDMAX) is 3.05%, while Invesco QQQ (QQQ) has a volatility of 5.23%. This indicates that NDMAX 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.