ONIFX vs. QQQ
Compare and contrast key facts about JPMorgan Investor Growth Fund (ONIFX) and Invesco QQQ (QQQ).
ONIFX 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: ONIFX or QQQ.
Correlation
The correlation between ONIFX 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
ONIFX vs. QQQ - Performance Comparison
Key characteristics
ONIFX:
1.42
QQQ:
1.37
ONIFX:
1.99
QQQ:
1.86
ONIFX:
1.26
QQQ:
1.25
ONIFX:
2.12
QQQ:
1.84
ONIFX:
7.27
QQQ:
6.35
ONIFX:
2.13%
QQQ:
3.92%
ONIFX:
10.92%
QQQ:
18.24%
ONIFX:
-55.15%
QQQ:
-82.98%
ONIFX:
-0.66%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ONIFX achieves a 4.63% return, which is significantly lower than QQQ's 5.53% return. Over the past 10 years, ONIFX has underperformed QQQ with an annualized return of 4.81%, while QQQ has yielded a comparatively higher 18.38% annualized return.
ONIFX
4.63%
2.51%
5.03%
16.29%
7.27%
4.81%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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ONIFX vs. QQQ - Expense Ratio Comparison
ONIFX has a 0.32% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ONIFX vs. QQQ — Risk-Adjusted Performance Rank
ONIFX
QQQ
ONIFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth Fund (ONIFX) 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
ONIFX vs. QQQ - Dividend Comparison
ONIFX's dividend yield for the trailing twelve months is around 2.35%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONIFX JPMorgan Investor Growth Fund | 2.35% | 2.46% | 1.51% | 1.43% | 2.73% | 1.26% | 1.30% | 2.81% | 1.98% | 1.34% | 1.56% | 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
ONIFX vs. QQQ - Drawdown Comparison
The maximum ONIFX drawdown since its inception was -55.15%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ONIFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
ONIFX vs. QQQ - Volatility Comparison
The current volatility for JPMorgan Investor Growth Fund (ONIFX) is 2.67%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that ONIFX 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.