PLBEX vs. QQQ
Compare and contrast key facts about Plumb Equity Fund (PLBEX) and Invesco QQQ (QQQ).
PLBEX is managed by Plumb Funds. It was launched on May 24, 2007. 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: PLBEX or QQQ.
Correlation
The correlation between PLBEX and QQQ is 0.88, 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
PLBEX vs. QQQ - Performance Comparison
Key characteristics
PLBEX:
0.58
QQQ:
1.30
PLBEX:
0.92
QQQ:
1.78
PLBEX:
1.11
QQQ:
1.24
PLBEX:
0.30
QQQ:
1.76
PLBEX:
2.37
QQQ:
6.08
PLBEX:
4.30%
QQQ:
3.92%
PLBEX:
17.55%
QQQ:
18.35%
PLBEX:
-57.55%
QQQ:
-82.98%
PLBEX:
-26.77%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, PLBEX achieves a 0.43% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, PLBEX has underperformed QQQ with an annualized return of 2.09%, while QQQ has yielded a comparatively higher 18.06% annualized return.
PLBEX
0.43%
-3.74%
-0.96%
7.19%
-0.77%
2.09%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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PLBEX vs. QQQ - Expense Ratio Comparison
PLBEX has a 1.19% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PLBEX vs. QQQ — Risk-Adjusted Performance Rank
PLBEX
QQQ
PLBEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Plumb Equity Fund (PLBEX) 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
PLBEX vs. QQQ - Dividend Comparison
PLBEX's dividend yield for the trailing twelve months is around 0.23%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLBEX Plumb Equity Fund | 0.23% | 0.23% | 0.00% | 0.00% | 0.00% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
PLBEX vs. QQQ - Drawdown Comparison
The maximum PLBEX drawdown since its inception was -57.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PLBEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PLBEX vs. QQQ - Volatility Comparison
Plumb Equity Fund (PLBEX) has a higher volatility of 5.33% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that PLBEX'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.