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.
Key characteristics
| PREIX | QQQ | |
|---|---|---|
| YTD Return | 26.75% | 25.63% |
| 1Y Return | 34.77% | 33.85% |
| 3Y Return (Ann) | 10.04% | 9.83% |
| 5Y Return (Ann) | 15.58% | 21.21% |
| 10Y Return (Ann) | 13.21% | 18.37% |
| Sharpe Ratio | 3.04 | 2.12 |
| Sortino Ratio | 4.05 | 2.79 |
| Omega Ratio | 1.57 | 1.38 |
| Calmar Ratio | 4.42 | 2.71 |
| Martin Ratio | 19.96 | 9.88 |
| Ulcer Index | 1.87% | 3.72% |
| Daily Std Dev | 12.27% | 17.31% |
| Max Drawdown | -55.32% | -82.98% |
| Current Drawdown | -0.26% | -0.37% |
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.
Performance
PREIX vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with PREIX having a 26.75% return and QQQ slightly lower at 25.63%. Over the past 10 years, PREIX has underperformed QQQ with an annualized return of 13.21%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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 1.09%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREIX T. Rowe Price Equity Index 500 Fund | 1.09% | 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 | 0.59% | 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 3.74%, while Invesco QQQ (QQQ) has a volatility of 4.91%. 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.