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.
Key characteristics
| RGAGX | QQQ | |
|---|---|---|
| YTD Return | 30.83% | 26.02% |
| 1Y Return | 45.26% | 36.73% |
| 3Y Return (Ann) | 6.52% | 9.97% |
| 5Y Return (Ann) | 17.09% | 21.44% |
| 10Y Return (Ann) | 14.45% | 18.42% |
| Sharpe Ratio | 3.15 | 2.28 |
| Sortino Ratio | 4.06 | 2.98 |
| Omega Ratio | 1.57 | 1.41 |
| Calmar Ratio | 2.75 | 2.94 |
| Martin Ratio | 20.65 | 10.71 |
| Ulcer Index | 2.31% | 3.72% |
| Daily Std Dev | 15.11% | 17.35% |
| Max Drawdown | -36.19% | -82.98% |
| Current Drawdown | 0.00% | -0.06% |
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
In the year-to-date period, RGAGX achieves a 30.83% return, which is significantly higher than QQQ's 26.02% return. Over the past 10 years, RGAGX has underperformed QQQ with an annualized return of 14.45%, while QQQ has yielded a comparatively higher 18.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.68%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGAGX American Funds The Growth Fund of America Class R-6 | 0.68% | 0.89% | 0.72% | 0.40% | 0.53% | 1.26% | 1.09% | 0.82% | 0.93% | 1.00% | 10.99% | 7.70% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RGAGX vs. QQQ - Drawdown Comparison
The maximum RGAGX drawdown since its inception was -36.19%, 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 4.48%, while Invesco QQQ (QQQ) has a volatility of 5.18%. 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.