ONGFX vs. QQQ
Compare and contrast key facts about JPMorgan Investor Growth & Income Fund (ONGFX) and Invesco QQQ (QQQ).
ONGFX is managed by JPMorgan Chase. It was launched on Dec 9, 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: ONGFX or QQQ.
Correlation
The correlation between ONGFX and QQQ is 0.87, 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
ONGFX vs. QQQ - Performance Comparison
Key characteristics
ONGFX:
0.67
QQQ:
0.49
ONGFX:
1.01
QQQ:
0.85
ONGFX:
1.14
QQQ:
1.12
ONGFX:
0.71
QQQ:
0.54
ONGFX:
3.07
QQQ:
1.86
ONGFX:
2.63%
QQQ:
6.59%
ONGFX:
11.97%
QQQ:
25.26%
ONGFX:
-40.83%
QQQ:
-82.98%
ONGFX:
-5.30%
QQQ:
-13.25%
Returns By Period
In the year-to-date period, ONGFX achieves a -1.73% return, which is significantly higher than QQQ's -8.45% return. Over the past 10 years, ONGFX has underperformed QQQ with an annualized return of 7.27%, while QQQ has yielded a comparatively higher 16.49% annualized return.
ONGFX
-1.73%
-2.86%
-2.37%
7.18%
10.27%
7.27%
QQQ
-8.45%
-5.29%
-4.78%
10.24%
17.72%
16.49%
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ONGFX vs. QQQ - Expense Ratio Comparison
ONGFX has a 0.32% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ONGFX vs. QQQ — Risk-Adjusted Performance Rank
ONGFX
QQQ
ONGFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth & Income Fund (ONGFX) 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
ONGFX vs. QQQ - Dividend Comparison
ONGFX's dividend yield for the trailing twelve months is around 4.74%, more than QQQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONGFX JPMorgan Investor Growth & Income Fund | 4.74% | 4.59% | 3.51% | 7.87% | 4.45% | 7.47% | 7.62% | 8.88% | 8.74% | 4.74% | 5.82% | 4.60% |
QQQ Invesco QQQ | 0.64% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ONGFX vs. QQQ - Drawdown Comparison
The maximum ONGFX drawdown since its inception was -40.83%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ONGFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ONGFX vs. QQQ - Volatility Comparison
The current volatility for JPMorgan Investor Growth & Income Fund (ONGFX) is 8.31%, while Invesco QQQ (QQQ) has a volatility of 16.89%. This indicates that ONGFX 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.