PBFDX vs. QQQ
Compare and contrast key facts about Payson Total Return Fund (PBFDX) and Invesco QQQ (QQQ).
PBFDX is managed by Payson Funds. It was launched on Nov 25, 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: PBFDX or QQQ.
Correlation
The correlation between PBFDX and QQQ is 0.81, 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
PBFDX vs. QQQ - Performance Comparison
Key characteristics
PBFDX:
0.61
QQQ:
1.54
PBFDX:
0.86
QQQ:
2.06
PBFDX:
1.13
QQQ:
1.28
PBFDX:
0.92
QQQ:
2.03
PBFDX:
3.55
QQQ:
7.34
PBFDX:
2.87%
QQQ:
3.75%
PBFDX:
16.71%
QQQ:
17.90%
PBFDX:
-56.40%
QQQ:
-82.98%
PBFDX:
-11.04%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, PBFDX achieves a 9.90% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, PBFDX has underperformed QQQ with an annualized return of 8.37%, while QQQ has yielded a comparatively higher 18.30% annualized return.
PBFDX
9.90%
-7.65%
-5.82%
9.63%
7.93%
8.37%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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PBFDX vs. QQQ - Expense Ratio Comparison
PBFDX has a 0.82% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PBFDX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payson Total Return Fund (PBFDX) 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
PBFDX vs. QQQ - Dividend Comparison
PBFDX's dividend yield for the trailing twelve months is around 0.44%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBFDX Payson Total Return Fund | 0.44% | 0.76% | 1.05% | 0.47% | 0.69% | 0.61% | 0.67% | 0.82% | 1.44% | 1.14% | 2.44% | 1.28% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PBFDX vs. QQQ - Drawdown Comparison
The maximum PBFDX drawdown since its inception was -56.40%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PBFDX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PBFDX vs. QQQ - Volatility Comparison
Payson Total Return Fund (PBFDX) has a higher volatility of 9.34% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that PBFDX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.