PLGIX vs. QQQ
Compare and contrast key facts about Principal LargeCap Growth Fund I (PLGIX) and Invesco QQQ (QQQ).
PLGIX is managed by Principal. It was launched on Dec 6, 2000. 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: PLGIX or QQQ.
Key characteristics
PLGIX | QQQ | |
---|---|---|
YTD Return | 19.20% | 18.15% |
1Y Return | 36.69% | 35.55% |
3Y Return (Ann) | 4.51% | 10.33% |
5Y Return (Ann) | 14.67% | 21.22% |
10Y Return (Ann) | 14.62% | 18.16% |
Sharpe Ratio | 2.11 | 1.86 |
Daily Std Dev | 15.98% | 17.79% |
Max Drawdown | -55.43% | -82.98% |
Current Drawdown | -0.29% | -4.08% |
Correlation
The correlation between PLGIX and QQQ is 0.93, 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
PLGIX vs. QQQ - Performance Comparison
In the year-to-date period, PLGIX achieves a 19.20% return, which is significantly higher than QQQ's 18.15% return. Over the past 10 years, PLGIX has underperformed QQQ with an annualized return of 14.62%, while QQQ has yielded a comparatively higher 18.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PLGIX vs. QQQ - Expense Ratio Comparison
PLGIX has a 0.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PLGIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LargeCap Growth Fund I (PLGIX) 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
PLGIX vs. QQQ - Dividend Comparison
PLGIX's dividend yield for the trailing twelve months is around 5.00%, more than QQQ's 0.49% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Principal LargeCap Growth Fund I | 5.00% | 5.97% | 11.57% | 11.34% | 7.03% | 8.01% | 16.41% | 7.05% | 4.64% | 12.51% | 10.50% | 6.25% |
Invesco QQQ | 0.49% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PLGIX vs. QQQ - Drawdown Comparison
The maximum PLGIX drawdown since its inception was -55.43%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PLGIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PLGIX vs. QQQ - Volatility Comparison
The current volatility for Principal LargeCap Growth Fund I (PLGIX) is 5.13%, while Invesco QQQ (QQQ) has a volatility of 6.43%. This indicates that PLGIX 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.