NXDT vs. QQQ
Compare and contrast key facts about NexPoint Strategic Opportunities Fund (NXDT) and Invesco QQQ (QQQ).
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: NXDT or QQQ.
Correlation
The correlation between NXDT and QQQ is 0.42, 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
NXDT vs. QQQ - Performance Comparison
Key characteristics
NXDT:
-0.65
QQQ:
0.63
NXDT:
-0.83
QQQ:
1.03
NXDT:
0.91
QQQ:
1.14
NXDT:
-0.42
QQQ:
0.70
NXDT:
-1.40
QQQ:
2.32
NXDT:
22.78%
QQQ:
6.82%
NXDT:
49.29%
QQQ:
25.22%
NXDT:
-75.58%
QQQ:
-82.98%
NXDT:
-74.17%
QQQ:
-9.26%
Returns By Period
In the year-to-date period, NXDT achieves a -38.29% return, which is significantly lower than QQQ's -4.24% return.
NXDT
-38.29%
-1.35%
-30.73%
-33.54%
N/A
N/A
QQQ
-4.24%
8.47%
0.60%
12.94%
18.64%
17.40%
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Risk-Adjusted Performance
NXDT vs. QQQ — Risk-Adjusted Performance Rank
NXDT
QQQ
NXDT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Strategic Opportunities Fund (NXDT) 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
NXDT vs. QQQ - Dividend Comparison
NXDT's dividend yield for the trailing twelve months is around 16.44%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXDT NexPoint Strategic Opportunities Fund | 16.44% | 9.84% | 7.55% | 5.35% | 0.74% | 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
NXDT vs. QQQ - Drawdown Comparison
The maximum NXDT drawdown since its inception was -75.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NXDT and QQQ. For additional features, visit the drawdowns tool.
Volatility
NXDT vs. QQQ - Volatility Comparison
NexPoint Strategic Opportunities Fund (NXDT) has a higher volatility of 23.10% compared to Invesco QQQ (QQQ) at 16.72%. This indicates that NXDT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.