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 0.92, 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:
0.82
QQQ:
1.30
RGAGX:
1.07
QQQ:
1.78
RGAGX:
1.18
QQQ:
1.24
RGAGX:
0.81
QQQ:
1.76
RGAGX:
3.53
QQQ:
6.08
RGAGX:
4.41%
QQQ:
3.92%
RGAGX:
19.03%
QQQ:
18.35%
RGAGX:
-41.74%
QQQ:
-82.98%
RGAGX:
-9.32%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, RGAGX achieves a 3.13% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, RGAGX has underperformed QQQ with an annualized return of 6.44%, while QQQ has yielded a comparatively higher 18.06% annualized return.
RGAGX
3.13%
-2.09%
2.27%
12.78%
7.88%
6.44%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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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 0.71%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGAGX American Funds The Growth Fund of America Class R-6 | 0.71% | 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 | 0.54% | 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 4.39%, while Invesco QQQ (QQQ) has a volatility of 5.02%. 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.