Correlation
The correlation between POGSX and QQQ is 0.85, 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.
POGSX vs. QQQ
Compare and contrast key facts about Pin Oak Equity (POGSX) and Invesco QQQ (QQQ).
POGSX is managed by Oak Associates. It was launched on Aug 3, 1992. 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: POGSX or QQQ.
Performance
POGSX vs. QQQ - Performance Comparison
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Key characteristics
POGSX:
0.80
QQQ:
0.62
POGSX:
1.17
QQQ:
0.92
POGSX:
1.17
QQQ:
1.13
POGSX:
0.89
QQQ:
0.60
POGSX:
3.46
QQQ:
1.94
POGSX:
4.05%
QQQ:
7.02%
POGSX:
18.55%
QQQ:
25.59%
POGSX:
-89.42%
QQQ:
-82.98%
POGSX:
-0.51%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, POGSX achieves a 7.10% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, POGSX has underperformed QQQ with an annualized return of 10.44%, while QQQ has yielded a comparatively higher 17.69% annualized return.
POGSX
7.10%
6.57%
4.54%
14.75%
13.13%
12.12%
10.44%
QQQ
1.69%
9.18%
2.15%
15.66%
19.78%
18.08%
17.69%
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POGSX vs. QQQ - Expense Ratio Comparison
POGSX has a 0.91% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
POGSX vs. QQQ — Risk-Adjusted Performance Rank
POGSX
QQQ
POGSX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pin Oak Equity (POGSX) 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.
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Dividends
POGSX vs. QQQ - Dividend Comparison
POGSX's dividend yield for the trailing twelve months is around 16.68%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POGSX Pin Oak Equity | 16.68% | 17.87% | 8.21% | 0.15% | 10.93% | 4.60% | 3.22% | 2.94% | 1.79% | 2.03% | 3.84% | 1.25% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
POGSX vs. QQQ - Drawdown Comparison
The maximum POGSX drawdown since its inception was -89.42%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for POGSX and QQQ.
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Volatility
POGSX vs. QQQ - Volatility Comparison
The current volatility for Pin Oak Equity (POGSX) is 4.64%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that POGSX 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.
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