PREIX vs. QQQ
Compare and contrast key facts about T. Rowe Price Equity Index 500 Fund (PREIX) and Invesco QQQ (QQQ).
PREIX is managed by T. Rowe Price. It was launched on Mar 30, 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: PREIX or QQQ.
Performance
PREIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PREIX achieves a 24.86% return, which is significantly higher than QQQ's 22.63% return. Over the past 10 years, PREIX has underperformed QQQ with an annualized return of 12.91%, while QQQ has yielded a comparatively higher 18.02% annualized return.
PREIX
24.86%
0.58%
11.66%
32.16%
15.31%
12.91%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| PREIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.64 | 1.75 |
| Sortino Ratio | 3.53 | 2.34 |
| Omega Ratio | 1.49 | 1.32 |
| Calmar Ratio | 3.82 | 2.25 |
| Martin Ratio | 17.19 | 8.17 |
| Ulcer Index | 1.88% | 3.73% |
| Daily Std Dev | 12.27% | 17.44% |
| Max Drawdown | -55.32% | -82.98% |
| Current Drawdown | -1.75% | -2.75% |
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PREIX vs. QQQ - Expense Ratio Comparison
PREIX has a 0.15% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between PREIX and QQQ is 0.86, 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.
Risk-Adjusted Performance
PREIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Index 500 Fund (PREIX) 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
PREIX vs. QQQ - Dividend Comparison
PREIX's dividend yield for the trailing twelve months is around 1.11%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREIX T. Rowe Price Equity Index 500 Fund | 1.11% | 1.33% | 1.50% | 1.15% | 1.56% | 1.78% | 1.95% | 1.65% | 1.83% | 2.02% | 1.69% | 1.63% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PREIX vs. QQQ - Drawdown Comparison
The maximum PREIX drawdown since its inception was -55.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PREIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PREIX vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Equity Index 500 Fund (PREIX) is 4.05%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that PREIX 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.