RNPGX vs. QQQJ
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNPGX or QQQJ.
Key characteristics
| RNPGX | QQQJ | |
|---|---|---|
| YTD Return | 18.42% | 17.65% |
| 1Y Return | 29.51% | 33.70% |
| 3Y Return (Ann) | 2.76% | -3.42% |
| Sharpe Ratio | 2.36 | 2.12 |
| Sortino Ratio | 3.24 | 2.98 |
| Omega Ratio | 1.43 | 1.36 |
| Calmar Ratio | 1.72 | 1.01 |
| Martin Ratio | 15.26 | 11.23 |
| Ulcer Index | 1.95% | 2.98% |
| Daily Std Dev | 12.57% | 15.76% |
| Max Drawdown | -34.25% | -39.58% |
| Current Drawdown | -1.06% | -10.46% |
Correlation
The correlation between RNPGX and QQQJ is 0.88, 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
RNPGX vs. QQQJ - Performance Comparison
The year-to-date returns for both stocks are quite close, with RNPGX having a 18.42% return and QQQJ slightly lower at 17.65%. 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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RNPGX vs. QQQJ - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is higher than QQQJ's 0.15% expense ratio.
Risk-Adjusted Performance
RNPGX vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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
RNPGX vs. QQQJ - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 1.06%, more than QQQJ's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 1.06% | 1.25% | 1.21% | 0.65% | 0.40% | 1.81% | 1.55% | 0.75% | 1.16% | 1.05% | 8.26% | 6.90% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.78% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNPGX vs. QQQJ - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, smaller than the maximum QQQJ drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for RNPGX and QQQJ. For additional features, visit the drawdowns tool.
Volatility
RNPGX vs. QQQJ - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class R-6 (RNPGX) is 3.49%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 4.80%. This indicates that RNPGX experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.