SCVAX vs. QQQ
Compare and contrast key facts about Allspring Small Company Value Fund (SCVAX) and Invesco QQQ (QQQ).
SCVAX is managed by Allspring Global Investments. It was launched on Jan 31, 2002. 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: SCVAX or QQQ.
Correlation
The correlation between SCVAX and QQQ is 0.83, 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
SCVAX vs. QQQ - Performance Comparison
Key characteristics
SCVAX:
-0.49
QQQ:
0.47
SCVAX:
-0.55
QQQ:
0.82
SCVAX:
0.93
QQQ:
1.11
SCVAX:
-0.37
QQQ:
0.52
SCVAX:
-0.99
QQQ:
1.79
SCVAX:
11.65%
QQQ:
6.64%
SCVAX:
23.89%
QQQ:
25.28%
SCVAX:
-73.54%
QQQ:
-82.98%
SCVAX:
-24.91%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, SCVAX achieves a -11.12% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, SCVAX has underperformed QQQ with an annualized return of 4.65%, while QQQ has yielded a comparatively higher 16.91% annualized return.
SCVAX
-11.12%
-3.76%
-16.91%
-10.89%
9.86%
4.65%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
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SCVAX vs. QQQ - Expense Ratio Comparison
SCVAX has a 1.15% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SCVAX vs. QQQ — Risk-Adjusted Performance Rank
SCVAX
QQQ
SCVAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Small Company Value Fund (SCVAX) 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
SCVAX vs. QQQ - Dividend Comparison
SCVAX's dividend yield for the trailing twelve months is around 1.38%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCVAX Allspring Small Company Value Fund | 1.38% | 1.23% | 0.78% | 0.00% | 0.23% | 0.39% | 0.48% | 0.71% | 0.31% | 0.04% | 0.14% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SCVAX vs. QQQ - Drawdown Comparison
The maximum SCVAX drawdown since its inception was -73.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SCVAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SCVAX vs. QQQ - Volatility Comparison
The current volatility for Allspring Small Company Value Fund (SCVAX) is 13.73%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that SCVAX 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.