RGAGX vs. QQQ
Compare and contrast key facts about American Funds The Growth Fund of America Class R-6 (RGAGX) and Invesco QQQ (QQQ).
RGAGX is managed by American Funds. It was launched on Dec 1, 1973. 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: RGAGX or QQQ.
Correlation
The correlation between RGAGX and QQQ is 0.90, 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
RGAGX vs. QQQ - Performance Comparison
Key characteristics
RGAGX:
0.12
QQQ:
0.47
RGAGX:
0.32
QQQ:
0.82
RGAGX:
1.05
QQQ:
1.11
RGAGX:
0.11
QQQ:
0.52
RGAGX:
0.34
QQQ:
1.79
RGAGX:
8.52%
QQQ:
6.64%
RGAGX:
24.96%
QQQ:
25.28%
RGAGX:
-41.74%
QQQ:
-82.98%
RGAGX:
-16.84%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, RGAGX achieves a -5.42% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, RGAGX has underperformed QQQ with an annualized return of 5.30%, while QQQ has yielded a comparatively higher 16.64% annualized return.
RGAGX
-5.42%
-2.37%
-10.06%
3.79%
8.43%
5.30%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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RGAGX vs. QQQ - Expense Ratio Comparison
RGAGX has a 0.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RGAGX vs. QQQ — Risk-Adjusted Performance Rank
RGAGX
QQQ
RGAGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America Class R-6 (RGAGX) 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
RGAGX vs. QQQ - Dividend Comparison
RGAGX's dividend yield for the trailing twelve months is around 0.77%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGAGX American Funds The Growth Fund of America Class R-6 | 0.77% | 0.73% | 0.89% | 0.72% | 0.40% | 0.53% | 1.26% | 1.09% | 0.82% | 0.93% | 1.00% | 10.99% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RGAGX vs. QQQ - Drawdown Comparison
The maximum RGAGX drawdown since its inception was -41.74%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RGAGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RGAGX vs. QQQ - Volatility Comparison
The current volatility for American Funds The Growth Fund of America Class R-6 (RGAGX) is 15.48%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that RGAGX 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.