NEXTX vs. QQQ
Compare and contrast key facts about Shelton Green Alpha Fund (NEXTX) and Invesco QQQ (QQQ).
NEXTX is managed by Shelton Capital Management. It was launched on Mar 12, 2013. 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: NEXTX or QQQ.
Correlation
The correlation between NEXTX and QQQ is 0.76, 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
NEXTX vs. QQQ - Performance Comparison
Key characteristics
NEXTX:
-0.40
QQQ:
0.47
NEXTX:
-0.44
QQQ:
0.82
NEXTX:
0.95
QQQ:
1.11
NEXTX:
-0.17
QQQ:
0.52
NEXTX:
-1.10
QQQ:
1.79
NEXTX:
7.61%
QQQ:
6.64%
NEXTX:
20.92%
QQQ:
25.28%
NEXTX:
-48.94%
QQQ:
-82.98%
NEXTX:
-43.07%
QQQ:
-12.28%
Returns By Period
The year-to-date returns for both stocks are quite close, with NEXTX having a -7.09% return and QQQ slightly lower at -7.43%. Over the past 10 years, NEXTX has underperformed QQQ with an annualized return of 6.46%, while QQQ has yielded a comparatively higher 16.64% annualized return.
NEXTX
-7.09%
-2.84%
-12.19%
-7.36%
9.05%
6.46%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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NEXTX vs. QQQ - Expense Ratio Comparison
NEXTX has a 1.16% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
NEXTX vs. QQQ — Risk-Adjusted Performance Rank
NEXTX
QQQ
NEXTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Green Alpha Fund (NEXTX) 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
NEXTX vs. QQQ - Dividend Comparison
NEXTX's dividend yield for the trailing twelve months is around 0.21%, less than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEXTX Shelton Green Alpha Fund | 0.21% | 0.20% | 0.20% | 0.35% | 0.86% | 0.00% | 0.16% | 0.00% | 2.88% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NEXTX vs. QQQ - Drawdown Comparison
The maximum NEXTX drawdown since its inception was -48.94%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NEXTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NEXTX vs. QQQ - Volatility Comparison
The current volatility for Shelton Green Alpha Fund (NEXTX) is 12.62%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that NEXTX 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.