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 0.84, 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:
1.50
QQQ:
1.38
ONGFX:
2.11
QQQ:
1.88
ONGFX:
1.28
QQQ:
1.25
ONGFX:
1.72
QQQ:
1.86
ONGFX:
6.64
QQQ:
6.43
ONGFX:
1.98%
QQQ:
3.92%
ONGFX:
8.74%
QQQ:
18.27%
ONGFX:
-46.81%
QQQ:
-82.98%
ONGFX:
-1.55%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ONGFX achieves a 3.75% return, which is significantly lower than QQQ's 5.50% return. Over the past 10 years, ONGFX has underperformed QQQ with an annualized return of 3.68%, while QQQ has yielded a comparatively higher 18.39% annualized return.
ONGFX
3.75%
2.08%
3.63%
12.76%
5.18%
3.68%
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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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 2.87%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONGFX JPMorgan Investor Growth & Income Fund | 2.87% | 2.98% | 2.13% | 1.88% | 2.70% | 1.66% | 1.77% | 2.96% | 2.18% | 1.71% | 1.86% | 2.24% |
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
ONGFX vs. QQQ - Drawdown Comparison
The maximum ONGFX drawdown since its inception was -46.81%, 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 2.13%, while Invesco QQQ (QQQ) has a volatility of 4.92%. 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.