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:
-0.21
QQQ:
0.14
RGAGX:
-0.13
QQQ:
0.31
RGAGX:
0.98
QQQ:
1.04
RGAGX:
-0.21
QQQ:
0.17
RGAGX:
-0.66
QQQ:
0.53
RGAGX:
6.76%
QQQ:
5.24%
RGAGX:
21.07%
QQQ:
20.34%
RGAGX:
-41.74%
QQQ:
-82.98%
RGAGX:
-20.96%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, RGAGX achieves a -10.11% return, which is significantly higher than QQQ's -11.72% return. Over the past 10 years, RGAGX has underperformed QQQ with an annualized return of 5.03%, while QQQ has yielded a comparatively higher 16.52% annualized return.
RGAGX
-10.11%
-8.34%
-12.53%
-5.08%
10.66%
5.03%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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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 0.81%, more than QQQ's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGAGX American Funds The Growth Fund of America Class R-6 | 0.81% | 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 | 0.66% | 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
American Funds The Growth Fund of America Class R-6 (RGAGX) and Invesco QQQ (QQQ) have volatilities of 9.37% and 9.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.