Correlation
The correlation between RPIDX and QQQ is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
RPIDX vs. QQQ - Performance Comparison
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Key characteristics
RPIDX:
2.26
QQQ:
0.57
RPIDX:
3.71
QQQ:
0.95
RPIDX:
1.56
QQQ:
1.13
RPIDX:
2.43
QQQ:
0.62
RPIDX:
10.06
QQQ:
2.03
RPIDX:
0.76%
QQQ:
7.02%
RPIDX:
3.36%
QQQ:
25.60%
RPIDX:
-19.95%
QQQ:
-82.98%
RPIDX:
-0.89%
QQQ:
-3.49%
Returns By Period
In the year-to-date period, RPIDX achieves a 2.01% return, which is significantly higher than QQQ's 1.85% return.
RPIDX
2.01%
0.57%
2.44%
7.57%
5.48%
6.18%
N/A
QQQ
1.85%
9.34%
3.21%
14.61%
19.74%
18.12%
17.67%
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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 Rank
RPIDX
QQQ
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.
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Dividends
RPIDX vs. QQQ - Dividend Comparison
RPIDX's dividend yield for the trailing twelve months is around 7.33%, more than QQQ's 0.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIDX T. Rowe Price Dynamic Credit Fund | 7.33% | 6.87% | 5.87% | 8.81% | 5.35% | 7.70% | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.57% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
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Volatility
RPIDX vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPIDX) is 0.70%, while Invesco QQQ (QQQ) has a volatility of 5.60%. 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.
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