PEQIX vs. QQQ
Compare and contrast key facts about Pioneer Equity Income Fund (PEQIX) and Invesco QQQ (QQQ).
PEQIX is managed by Amundi US. It was launched on Jul 25, 1990. 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: PEQIX or QQQ.
Correlation
The correlation between PEQIX and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PEQIX vs. QQQ - Performance Comparison
Key characteristics
PEQIX:
-0.45
QQQ:
1.44
PEQIX:
-0.32
QQQ:
1.95
PEQIX:
0.90
QQQ:
1.26
PEQIX:
-0.31
QQQ:
1.94
PEQIX:
-0.95
QQQ:
6.71
PEQIX:
13.69%
QQQ:
3.92%
PEQIX:
29.20%
QQQ:
18.27%
PEQIX:
-56.80%
QQQ:
-82.98%
PEQIX:
-38.53%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with PEQIX having a 5.18% return and QQQ slightly higher at 5.27%. Over the past 10 years, PEQIX has underperformed QQQ with an annualized return of -1.39%, while QQQ has yielded a comparatively higher 18.37% annualized return.
PEQIX
5.18%
1.56%
-20.21%
-14.83%
-5.24%
-1.39%
QQQ
5.27%
3.15%
12.16%
25.73%
18.66%
18.37%
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PEQIX vs. QQQ - Expense Ratio Comparison
PEQIX has a 1.02% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PEQIX vs. QQQ — Risk-Adjusted Performance Rank
PEQIX
QQQ
PEQIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Fund (PEQIX) 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
PEQIX vs. QQQ - Dividend Comparison
PEQIX's dividend yield for the trailing twelve months is around 2.29%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEQIX Pioneer Equity Income Fund | 2.29% | 2.41% | 1.82% | 2.10% | 1.37% | 1.59% | 1.74% | 2.56% | 1.41% | 1.86% | 1.88% | 2.68% |
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
PEQIX vs. QQQ - Drawdown Comparison
The maximum PEQIX drawdown since its inception was -56.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PEQIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PEQIX vs. QQQ - Volatility Comparison
The current volatility for Pioneer Equity Income Fund (PEQIX) is 2.82%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that PEQIX 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.