NYVTX vs. QQQ
Compare and contrast key facts about Davis New York Venture Fund (NYVTX) and Invesco QQQ (QQQ).
NYVTX is managed by Davis Funds. It was launched on Feb 17, 1969. 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: NYVTX or QQQ.
Correlation
The correlation between NYVTX and QQQ is 0.91, 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
NYVTX vs. QQQ - Performance Comparison
Key characteristics
NYVTX:
-0.49
QQQ:
0.47
NYVTX:
-0.50
QQQ:
0.82
NYVTX:
0.92
QQQ:
1.11
NYVTX:
-0.28
QQQ:
0.52
NYVTX:
-1.22
QQQ:
1.79
NYVTX:
9.39%
QQQ:
6.64%
NYVTX:
23.33%
QQQ:
25.28%
NYVTX:
-58.56%
QQQ:
-82.98%
NYVTX:
-35.45%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, NYVTX achieves a -0.23% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, NYVTX has underperformed QQQ with an annualized return of -3.25%, while QQQ has yielded a comparatively higher 16.64% annualized return.
NYVTX
-0.23%
-4.22%
-11.05%
-10.41%
2.69%
-3.25%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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NYVTX vs. QQQ - Expense Ratio Comparison
NYVTX has a 0.89% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
NYVTX vs. QQQ — Risk-Adjusted Performance Rank
NYVTX
QQQ
NYVTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund (NYVTX) 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
NYVTX vs. QQQ - Dividend Comparison
NYVTX's dividend yield for the trailing twelve months is around 1.86%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYVTX Davis New York Venture Fund | 1.86% | 1.86% | 0.88% | 1.67% | 0.17% | 0.52% | 1.51% | 0.71% | 0.26% | 0.79% | 0.96% | 0.51% |
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
NYVTX vs. QQQ - Drawdown Comparison
The maximum NYVTX drawdown since its inception was -58.56%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NYVTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NYVTX vs. QQQ - Volatility Comparison
The current volatility for Davis New York Venture Fund (NYVTX) is 13.52%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that NYVTX 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.