SGRNX vs. QQQ
Compare and contrast key facts about Allspring Growth Fund (SGRNX) and Invesco QQQ (QQQ).
SGRNX 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: SGRNX or QQQ.
Correlation
The correlation between SGRNX and QQQ is 0.91, 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
SGRNX vs. QQQ - Performance Comparison
Key characteristics
SGRNX:
0.03
QQQ:
1.40
SGRNX:
0.20
QQQ:
1.90
SGRNX:
1.04
QQQ:
1.25
SGRNX:
0.02
QQQ:
1.88
SGRNX:
0.09
QQQ:
6.51
SGRNX:
8.83%
QQQ:
3.92%
SGRNX:
25.92%
QQQ:
18.23%
SGRNX:
-53.21%
QQQ:
-82.98%
SGRNX:
-33.50%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, SGRNX achieves a 4.09% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, SGRNX has underperformed QQQ with an annualized return of -1.56%, while QQQ has yielded a comparatively higher 18.32% annualized return.
SGRNX
4.09%
-0.91%
-7.64%
2.76%
-0.55%
-1.56%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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SGRNX vs. QQQ - Expense Ratio Comparison
SGRNX has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SGRNX vs. QQQ — Risk-Adjusted Performance Rank
SGRNX
QQQ
SGRNX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Growth Fund (SGRNX) 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
SGRNX vs. QQQ - Dividend Comparison
SGRNX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGRNX Allspring Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SGRNX vs. QQQ - Drawdown Comparison
The maximum SGRNX drawdown since its inception was -53.21%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SGRNX and QQQ. For additional features, visit the drawdowns tool.
Volatility
SGRNX vs. QQQ - Volatility Comparison
Allspring Growth Fund (SGRNX) has a higher volatility of 6.69% compared to Invesco QQQ (QQQ) at 4.70%. This indicates that SGRNX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.