QQQ vs. EKBAX
QQQ (Invesco QQQ ETF) and EKBAX (Allspring Diversified Capital Builder Fund) are both funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EKBAX is a Diversified Portfolio fund managed by Allspring Global Investments. Over the past 10 years, QQQ returned 21.79%/yr vs 16.26%/yr for EKBAX. Their correlation of 0.80 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 1.10%/yr for EKBAX.
Performance
QQQ vs. EKBAX - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 17.57% return, which is significantly lower than EKBAX's 33.05% return. Over the past 10 years, QQQ has outperformed EKBAX with an annualized return of 21.79%, while EKBAX has yielded a comparatively lower 16.26% annualized return.
QQQ
- 1D
- 0.59%
- 1M
- 0.93%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 35.82%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
EKBAX
- 1D
- 3.55%
- 1M
- 6.51%
- YTD
- 33.05%
- 6M
- 34.52%
- 1Y
- 57.50%
- 3Y*
- 30.21%
- 5Y*
- 18.56%
- 10Y*
- 16.26%
QQQ vs. EKBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
EKBAX Allspring Diversified Capital Builder Fund | 33.05% | 21.87% | 21.75% | 22.23% | -13.47% | 19.61% | 12.66% | 32.99% | -5.55% | 14.43% |
Correlation
The correlation between QQQ and EKBAX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.80 |
The correlation between QQQ and EKBAX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
QQQ vs. EKBAX — Risk / Return Rank
QQQ
EKBAX
QQQ vs. EKBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Allspring Diversified Capital Builder Fund (EKBAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQ | EKBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.57 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 7.95 | -4.94 |
| Martin ratioReturn relative to average drawdown | 11.22 | 31.26 | -20.03 |
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Drawdowns
QQQ vs. EKBAX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than EKBAX's maximum drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for QQQ and EKBAX.
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Drawdown Indicators
| QQQ | EKBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -55.64% | -27.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -7.32% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -23.55% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -24.84% | -10.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -32.33% | -2.79% |
Current DrawdownCurrent decline from peak | -3.33% | -2.94% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -7.97% | -24.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.86% | +1.34% |
Volatility
QQQ vs. EKBAX - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 7.56%, while Allspring Diversified Capital Builder Fund (EKBAX) has a volatility of 9.31%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than EKBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | EKBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 9.31% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 14.88% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 17.88% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 18.42% | +4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 17.71% | +4.67% |
QQQ vs. EKBAX - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than EKBAX's 1.10% expense ratio.
Dividends
QQQ vs. EKBAX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than EKBAX's 7.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKBAX Allspring Diversified Capital Builder Fund | 7.23% | 9.61% | 5.28% | 6.16% | 12.50% | 6.89% | 2.03% | 9.49% | 7.14% | 6.20% | 10.05% | 11.47% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
QQQ and EKBAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EKBAX has higher volatility (9.31%) compared to QQQ (7.56%). In terms of maximum drawdown, QQQ dropped -82.97% vs EKBAX's -55.64%.
EKBAX currently has the higher Sharpe Ratio (3.26 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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