RPIDX vs. QQQ
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPIDX) and Invesco QQQ (QQQ).
RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019. 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: RPIDX or QQQ.
Key characteristics
| RPIDX | QQQ | |
|---|---|---|
| YTD Return | 6.78% | 25.63% |
| 1Y Return | 8.74% | 33.85% |
| 3Y Return (Ann) | 0.62% | 9.83% |
| 5Y Return (Ann) | 2.32% | 21.21% |
| Sharpe Ratio | 2.72 | 2.12 |
| Sortino Ratio | 4.88 | 2.79 |
| Omega Ratio | 1.60 | 1.38 |
| Calmar Ratio | 1.30 | 2.71 |
| Martin Ratio | 25.74 | 9.88 |
| Ulcer Index | 0.35% | 3.72% |
| Daily Std Dev | 3.35% | 17.31% |
| Max Drawdown | -19.95% | -82.98% |
| Current Drawdown | -0.22% | -0.37% |
Correlation
The correlation between RPIDX and QQQ is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RPIDX vs. QQQ - Performance Comparison
In the year-to-date period, RPIDX achieves a 6.78% return, which is significantly lower than QQQ's 25.63% 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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RPIDX vs. QQQ - Expense Ratio Comparison
RPIDX has a 0.63% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RPIDX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPIDX) 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
RPIDX vs. QQQ - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 6.61%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 6.61% | 5.87% | 3.87% | 3.47% | 4.15% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
RPIDX vs. QQQ - Drawdown Comparison
The maximum RPIDX drawdown since its inception was -19.95%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RPIDX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RPIDX vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 1.11%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that RPIDX 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.