OAAYX vs. QQQ
Compare and contrast key facts about Invesco Active Allocation Fund (OAAYX) and Invesco QQQ (QQQ).
OAAYX is managed by Invesco. It was launched on Apr 4, 2005. 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: OAAYX or QQQ.
Correlation
The correlation between OAAYX and QQQ is 0.82, 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
OAAYX vs. QQQ - Performance Comparison
Key characteristics
OAAYX:
0.84
QQQ:
1.37
OAAYX:
1.16
QQQ:
1.86
OAAYX:
1.16
QQQ:
1.25
OAAYX:
0.50
QQQ:
1.84
OAAYX:
3.26
QQQ:
6.35
OAAYX:
2.74%
QQQ:
3.92%
OAAYX:
10.57%
QQQ:
18.24%
OAAYX:
-57.63%
QQQ:
-82.98%
OAAYX:
-9.91%
QQQ:
0.00%
Returns By Period
In the year-to-date period, OAAYX achieves a 4.12% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, OAAYX has underperformed QQQ with an annualized return of 3.07%, while QQQ has yielded a comparatively higher 18.38% annualized return.
OAAYX
4.12%
2.20%
2.13%
9.40%
1.21%
3.07%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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OAAYX vs. QQQ - Expense Ratio Comparison
OAAYX has a 0.23% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
OAAYX vs. QQQ — Risk-Adjusted Performance Rank
OAAYX
QQQ
OAAYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active Allocation Fund (OAAYX) 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
OAAYX vs. QQQ - Dividend Comparison
OAAYX's dividend yield for the trailing twelve months is around 2.33%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAAYX Invesco Active Allocation Fund | 2.33% | 2.43% | 1.95% | 1.67% | 2.31% | 1.12% | 3.17% | 1.84% | 1.32% | 1.26% | 1.81% | 1.31% |
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
OAAYX vs. QQQ - Drawdown Comparison
The maximum OAAYX drawdown since its inception was -57.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OAAYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
OAAYX vs. QQQ - Volatility Comparison
The current volatility for Invesco Active Allocation Fund (OAAYX) is 2.42%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that OAAYX 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.