NFFFX vs. QQQ
Compare and contrast key facts about American Funds New World Fund (NFFFX) and Invesco QQQ (QQQ).
NFFFX is managed by American Funds. It was launched on Jun 17, 1999. 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: NFFFX or QQQ.
Correlation
The correlation between NFFFX 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
NFFFX vs. QQQ - Performance Comparison
Key characteristics
NFFFX:
0.70
QQQ:
1.38
NFFFX:
1.02
QQQ:
1.88
NFFFX:
1.13
QQQ:
1.25
NFFFX:
0.41
QQQ:
1.86
NFFFX:
2.02
QQQ:
6.43
NFFFX:
4.14%
QQQ:
3.92%
NFFFX:
11.94%
QQQ:
18.27%
NFFFX:
-50.17%
QQQ:
-82.98%
NFFFX:
-13.28%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with NFFFX having a 5.45% return and QQQ slightly higher at 5.50%. Over the past 10 years, NFFFX has underperformed QQQ with an annualized return of 5.03%, while QQQ has yielded a comparatively higher 18.39% annualized return.
NFFFX
5.45%
4.33%
0.56%
7.39%
3.65%
5.03%
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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NFFFX vs. QQQ - Expense Ratio Comparison
NFFFX has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
NFFFX vs. QQQ — Risk-Adjusted Performance Rank
NFFFX
QQQ
NFFFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NFFFX) 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
NFFFX vs. QQQ - Dividend Comparison
NFFFX's dividend yield for the trailing twelve months is around 1.12%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFFFX American Funds New World Fund | 1.12% | 1.18% | 1.56% | 1.21% | 0.75% | 0.35% | 1.34% | 1.37% | 1.21% | 1.28% | 0.94% | 7.46% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NFFFX vs. QQQ - Drawdown Comparison
The maximum NFFFX drawdown since its inception was -50.17%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NFFFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NFFFX vs. QQQ - Volatility Comparison
The current volatility for American Funds New World Fund (NFFFX) is 3.10%, while Invesco QQQ (QQQ) has a volatility of 4.92%. This indicates that NFFFX 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.