OYAIX vs. QQQ
Compare and contrast key facts about Invesco Select Risk: High Growth Investor Fund (OYAIX) and Invesco QQQ (QQQ).
OYAIX is managed by Invesco. It was launched on Apr 4, 2005. 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: OYAIX or QQQ.
Correlation
The correlation between OYAIX 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
OYAIX vs. QQQ - Performance Comparison
Key characteristics
OYAIX:
0.84
QQQ:
1.40
OYAIX:
1.17
QQQ:
1.90
OYAIX:
1.16
QQQ:
1.25
OYAIX:
0.41
QQQ:
1.88
OYAIX:
3.40
QQQ:
6.51
OYAIX:
2.92%
QQQ:
3.92%
OYAIX:
11.83%
QQQ:
18.23%
OYAIX:
-61.25%
QQQ:
-82.98%
OYAIX:
-16.68%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, OYAIX achieves a 4.26% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, OYAIX has underperformed QQQ with an annualized return of 0.93%, while QQQ has yielded a comparatively higher 18.32% annualized return.
OYAIX
4.26%
0.95%
3.45%
10.09%
0.32%
0.93%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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OYAIX vs. QQQ - Expense Ratio Comparison
OYAIX has a 0.14% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
OYAIX vs. QQQ — Risk-Adjusted Performance Rank
OYAIX
QQQ
OYAIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: High Growth Investor Fund (OYAIX) 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
OYAIX vs. QQQ - Dividend Comparison
OYAIX's dividend yield for the trailing twelve months is around 2.26%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OYAIX Invesco Select Risk: High Growth Investor Fund | 2.26% | 2.35% | 1.28% | 1.48% | 1.95% | 0.92% | 1.37% | 1.54% | 1.70% | 1.32% | 1.51% | 1.01% |
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
OYAIX vs. QQQ - Drawdown Comparison
The maximum OYAIX drawdown since its inception was -61.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OYAIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
OYAIX vs. QQQ - Volatility Comparison
The current volatility for Invesco Select Risk: High Growth Investor Fund (OYAIX) is 2.60%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that OYAIX 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.