SENAX vs. QQQ
Compare and contrast key facts about Allspring Discovery Mid Cap Growth Fund (SENAX) and Invesco QQQ (QQQ).
SENAX is managed by Allspring Global Investments. It was launched on Feb 24, 2000. 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: SENAX or QQQ.
Correlation
The correlation between SENAX and QQQ is 0.87, 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
SENAX vs. QQQ - Performance Comparison
Key characteristics
SENAX:
0.23
QQQ:
0.47
SENAX:
0.51
QQQ:
0.82
SENAX:
1.07
QQQ:
1.11
SENAX:
0.16
QQQ:
0.52
SENAX:
0.76
QQQ:
1.79
SENAX:
8.17%
QQQ:
6.64%
SENAX:
26.92%
QQQ:
25.28%
SENAX:
-58.34%
QQQ:
-82.98%
SENAX:
-28.67%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, SENAX achieves a -6.64% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, SENAX has underperformed QQQ with an annualized return of 8.00%, while QQQ has yielded a comparatively higher 16.91% annualized return.
SENAX
-6.64%
3.54%
-5.01%
5.63%
6.54%
8.00%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
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SENAX vs. QQQ - Expense Ratio Comparison
SENAX has a 1.18% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SENAX vs. QQQ — Risk-Adjusted Performance Rank
SENAX
QQQ
SENAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery Mid Cap Growth Fund (SENAX) 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
SENAX vs. QQQ - Dividend Comparison
SENAX's dividend yield for the trailing twelve months is around 11.66%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SENAX Allspring Discovery Mid Cap Growth Fund | 11.66% | 10.88% | 2.46% | 0.00% | 17.81% | 9.16% | 6.59% | 15.14% | 11.23% | 4.58% | 8.37% | 13.42% |
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
SENAX vs. QQQ - Drawdown Comparison
The maximum SENAX drawdown since its inception was -58.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SENAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SENAX vs. QQQ - Volatility Comparison
Allspring Discovery Mid Cap Growth Fund (SENAX) and Invesco QQQ (QQQ) have volatilities of 17.53% and 16.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.