RSIIX vs. QQQ
Compare and contrast key facts about RiverPark Strategic Income Fund (RSIIX) and Invesco QQQ (QQQ).
RSIIX is managed by RiverPark Funds. It was launched on Sep 30, 2013. 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: RSIIX or QQQ.
Correlation
The correlation between RSIIX and QQQ is 0.23, 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.
Performance
RSIIX vs. QQQ - Performance Comparison
Key characteristics
RSIIX:
8.53
QQQ:
1.40
RSIIX:
17.48
QQQ:
1.90
RSIIX:
3.88
QQQ:
1.25
RSIIX:
27.51
QQQ:
1.88
RSIIX:
141.04
QQQ:
6.51
RSIIX:
0.06%
QQQ:
3.92%
RSIIX:
1.00%
QQQ:
18.23%
RSIIX:
-15.55%
QQQ:
-82.98%
RSIIX:
0.00%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, RSIIX achieves a 1.51% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, RSIIX has underperformed QQQ with an annualized return of 4.59%, while QQQ has yielded a comparatively higher 18.32% annualized return.
RSIIX
1.51%
0.69%
4.43%
8.41%
5.89%
4.59%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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RSIIX vs. QQQ - Expense Ratio Comparison
RSIIX has a 1.18% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RSIIX vs. QQQ — Risk-Adjusted Performance Rank
RSIIX
QQQ
RSIIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Strategic Income Fund (RSIIX) 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
RSIIX vs. QQQ - Dividend Comparison
RSIIX's dividend yield for the trailing twelve months is around 7.62%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSIIX RiverPark Strategic Income Fund | 7.62% | 7.65% | 7.60% | 6.59% | 5.14% | 5.78% | 4.82% | 4.59% | 5.02% | 5.52% | 6.59% | 5.36% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RSIIX vs. QQQ - Drawdown Comparison
The maximum RSIIX drawdown since its inception was -15.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RSIIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RSIIX vs. QQQ - Volatility Comparison
The current volatility for RiverPark Strategic Income Fund (RSIIX) is 0.27%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that RSIIX 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.