PWDIX vs. QQQ
Compare and contrast key facts about Donoghue Forlines Dividend Fund (PWDIX) and Invesco QQQ (QQQ).
PWDIX is managed by Donoghue Forlines LLC. It was launched on Nov 6, 2013. 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: PWDIX or QQQ.
Correlation
The correlation between PWDIX and QQQ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PWDIX vs. QQQ - Performance Comparison
Key characteristics
PWDIX:
1.73
QQQ:
1.37
PWDIX:
2.53
QQQ:
1.86
PWDIX:
1.30
QQQ:
1.25
PWDIX:
0.75
QQQ:
1.84
PWDIX:
8.41
QQQ:
6.35
PWDIX:
2.41%
QQQ:
3.92%
PWDIX:
11.76%
QQQ:
18.24%
PWDIX:
-53.55%
QQQ:
-82.98%
PWDIX:
-11.90%
QQQ:
0.00%
Returns By Period
In the year-to-date period, PWDIX achieves a 8.59% return, which is significantly higher than QQQ's 5.53% return. Over the past 10 years, PWDIX has underperformed QQQ with an annualized return of 0.92%, while QQQ has yielded a comparatively higher 18.38% annualized return.
PWDIX
8.59%
2.99%
9.63%
20.40%
7.13%
0.92%
QQQ
5.53%
3.41%
12.16%
27.01%
19.41%
18.38%
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PWDIX vs. QQQ - Expense Ratio Comparison
PWDIX has a 1.56% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PWDIX vs. QQQ — Risk-Adjusted Performance Rank
PWDIX
QQQ
PWDIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Dividend Fund (PWDIX) 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
PWDIX vs. QQQ - Dividend Comparison
PWDIX's dividend yield for the trailing twelve months is around 1.99%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWDIX Donoghue Forlines Dividend Fund | 1.99% | 2.16% | 1.74% | 1.30% | 2.31% | 3.65% | 3.10% | 3.31% | 2.56% | 1.44% | 1.65% | 2.32% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
PWDIX vs. QQQ - Drawdown Comparison
The maximum PWDIX drawdown since its inception was -53.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PWDIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PWDIX vs. QQQ - Volatility Comparison
The current volatility for Donoghue Forlines Dividend Fund (PWDIX) is 3.13%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that PWDIX 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.