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.
Key characteristics
| PBFDX | QQQ | |
|---|---|---|
| YTD Return | 21.10% | 24.75% |
| 1Y Return | 25.49% | 32.82% |
| 3Y Return (Ann) | 4.26% | 9.58% |
| 5Y Return (Ann) | 10.84% | 21.02% |
| 10Y Return (Ann) | 9.02% | 18.32% |
| Sharpe Ratio | 1.83 | 1.91 |
| Sortino Ratio | 2.53 | 2.55 |
| Omega Ratio | 1.34 | 1.35 |
| Calmar Ratio | 2.28 | 2.43 |
| Martin Ratio | 10.57 | 8.85 |
| Ulcer Index | 2.45% | 3.72% |
| Daily Std Dev | 14.15% | 17.21% |
| Max Drawdown | -56.40% | -82.98% |
| Current Drawdown | -1.98% | -1.06% |
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
In the year-to-date period, PBFDX achieves a 21.10% return, which is significantly lower than QQQ's 24.75% return. Over the past 10 years, PBFDX has underperformed QQQ with an annualized return of 9.02%, while QQQ has yielded a comparatively higher 18.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.40%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBFDX Payson Total Return Fund | 0.40% | 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 | 0.60% | 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
The current volatility for Payson Total Return Fund (PBFDX) is 4.43%, while Invesco QQQ (QQQ) has a volatility of 4.99%. This indicates that PBFDX 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.