OAKMX vs. QQQ
Compare and contrast key facts about Oakmark Fund Investor Class (OAKMX) and Invesco QQQ (QQQ).
OAKMX is managed by Oakmark. It was launched on Aug 5, 1991. 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: OAKMX or QQQ.
Performance
OAKMX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, OAKMX achieves a 20.66% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, OAKMX has underperformed QQQ with an annualized return of 12.25%, while QQQ has yielded a comparatively higher 18.03% annualized return.
OAKMX
20.66%
4.72%
13.54%
31.29%
16.69%
12.25%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| OAKMX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.47 | 1.78 |
| Sortino Ratio | 3.47 | 2.37 |
| Omega Ratio | 1.44 | 1.32 |
| Calmar Ratio | 4.69 | 2.28 |
| Martin Ratio | 12.94 | 8.27 |
| Ulcer Index | 2.47% | 3.73% |
| Daily Std Dev | 12.92% | 17.37% |
| Max Drawdown | -56.19% | -82.98% |
| Current Drawdown | -0.35% | -1.78% |
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OAKMX vs. QQQ - Expense Ratio Comparison
OAKMX has a 0.91% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between OAKMX and QQQ is 0.71, 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.
Risk-Adjusted Performance
OAKMX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund Investor Class (OAKMX) 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
OAKMX vs. QQQ - Dividend Comparison
OAKMX's dividend yield for the trailing twelve months is around 0.84%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKMX Oakmark Fund Investor Class | 0.84% | 1.02% | 0.92% | 0.52% | 0.17% | 0.81% | 0.73% | 0.47% | 1.06% | 0.95% | 0.64% | 0.50% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
OAKMX vs. QQQ - Drawdown Comparison
The maximum OAKMX drawdown since its inception was -56.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OAKMX and QQQ. For additional features, visit the drawdowns tool.
Volatility
OAKMX vs. QQQ - Volatility Comparison
The current volatility for Oakmark Fund Investor Class (OAKMX) is 4.86%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that OAKMX 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.