SDLAX vs. QQQ
Compare and contrast key facts about SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) and Invesco QQQ (QQQ).
SDLAX is managed by SEI. It was launched on Jul 30, 2010. 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: SDLAX or QQQ.
Correlation
The correlation between SDLAX and QQQ is 0.86, 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
SDLAX vs. QQQ - Performance Comparison
Key characteristics
SDLAX:
-0.08
QQQ:
1.44
SDLAX:
0.10
QQQ:
1.95
SDLAX:
1.03
QQQ:
1.26
SDLAX:
-0.08
QQQ:
1.94
SDLAX:
-0.23
QQQ:
6.71
SDLAX:
9.59%
QQQ:
3.92%
SDLAX:
28.94%
QQQ:
18.27%
SDLAX:
-34.47%
QQQ:
-82.98%
SDLAX:
-21.92%
QQQ:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with SDLAX having a 5.14% return and QQQ slightly higher at 5.27%. Over the past 10 years, SDLAX has underperformed QQQ with an annualized return of 4.48%, while QQQ has yielded a comparatively higher 18.37% annualized return.
SDLAX
5.14%
2.09%
-13.14%
-3.25%
1.34%
4.48%
QQQ
5.27%
3.15%
12.16%
25.73%
18.66%
18.37%
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SDLAX vs. QQQ - Expense Ratio Comparison
SDLAX has a 0.67% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SDLAX vs. QQQ — Risk-Adjusted Performance Rank
SDLAX
QQQ
SDLAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) 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
SDLAX vs. QQQ - Dividend Comparison
SDLAX's dividend yield for the trailing twelve months is around 2.06%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund | 2.06% | 2.17% | 1.23% | 5.52% | 6.37% | 2.00% | 3.55% | 0.71% | 2.51% | 1.60% | 5.90% | 4.77% |
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
SDLAX vs. QQQ - Drawdown Comparison
The maximum SDLAX drawdown since its inception was -34.47%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SDLAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SDLAX vs. QQQ - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) is 3.14%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that SDLAX 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.