OAKLX vs. QQQ
Compare and contrast key facts about Oakmark Select Fund (OAKLX) and Invesco QQQ (QQQ).
OAKLX is managed by Oakmark. It was launched on Nov 1, 1996. 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: OAKLX or QQQ.
Key characteristics
| OAKLX | QQQ | |
|---|---|---|
| YTD Return | 7.68% | 18.37% |
| 1Y Return | 19.79% | 33.32% |
| 3Y Return (Ann) | 7.88% | 10.45% |
| 5Y Return (Ann) | 14.25% | 21.29% |
| 10Y Return (Ann) | 8.41% | 18.15% |
| Sharpe Ratio | 1.19 | 1.76 |
| Daily Std Dev | 15.73% | 17.85% |
| Max Drawdown | -61.15% | -82.98% |
| Current Drawdown | -0.47% | -3.90% |
Correlation
The correlation between OAKLX and QQQ is 0.70, 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
OAKLX vs. QQQ - Performance Comparison
In the year-to-date period, OAKLX achieves a 7.68% return, which is significantly lower than QQQ's 18.37% return. Over the past 10 years, OAKLX has underperformed QQQ with an annualized return of 8.41%, while QQQ has yielded a comparatively higher 18.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OAKLX vs. QQQ - Expense Ratio Comparison
OAKLX has a 0.98% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
OAKLX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Select Fund (OAKLX) 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
OAKLX vs. QQQ - Dividend Comparison
OAKLX's dividend yield for the trailing twelve months is around 0.47%, less than QQQ's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKLX Oakmark Select Fund | 0.47% | 0.51% | 0.62% | 0.70% | 0.00% | 0.67% | 5.04% | 4.20% | 4.88% | 0.30% | 13.23% | 5.41% |
QQQ Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
OAKLX vs. QQQ - Drawdown Comparison
The maximum OAKLX drawdown since its inception was -61.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OAKLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
OAKLX vs. QQQ - Volatility Comparison
The current volatility for Oakmark Select Fund (OAKLX) is 4.47%, while Invesco QQQ (QQQ) has a volatility of 6.44%. This indicates that OAKLX 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.