SMIDX vs. QQQ

Last updated Aug 1, 2026

SMIDX (SMI Dynamic Allocation Fund) and QQQ (Invesco QQQ ETF) are both funds - SMIDX is a Tactical Allocation fund managed by SMI Funds, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, SMIDX returned 5.65%/yr vs 20.44%/yr for QQQ. Their 0.62 correlation means they have sometimes moved together and sometimes differently. SMIDX charges 1.19%/yr vs 0.18%/yr for QQQ.

Performance

SMIDX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMI Dynamic Allocation Fund (SMIDX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMIDX achieves a 6.82% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, SMIDX has underperformed QQQ with an annualized return of 5.65%, while QQQ has yielded a comparatively higher 20.44% annualized return.

SMIDX

• 1D: 1.49%
• 1M: -0.83%
• 6M: 2.30%
• YTD: 6.82%
• 1Y: 20.65%
• 3Y*: 12.81%
• 5Y*: 6.06%
• 10Y*: 5.65%
• ALL TIME*: 5.72%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B
SMIDX SMI Dynamic Allocation Fund	$0.00	$0.00	$0.00

SMIDX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMIDX SMI Dynamic Allocation Fund	6.82%	22.50%	12.76%	8.39%	-19.12%	14.00%	9.64%	9.47%	-6.12%	14.11%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between SMIDX and QQQ is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Mar 1, 2013	0.62

Over the past year, SMIDX and QQQ have become more correlated (0.83) than their long-term average of 0.62, meaning their price movements have been converging.

Return for Risk

SMIDX vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMIDX

SMIDX Risk / Return Rank: 59
SMIDX Sharpe Ratio Rank: 58
SMIDX Sortino Ratio Rank: 51
SMIDX Omega Ratio Rank: 59
SMIDX Calmar Ratio Rank: 68
SMIDX Martin Ratio Rank: 57

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMIDX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMI Dynamic Allocation Fund (SMIDX) and Invesco QQQ ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMIDX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.16	+0.31
Sortino ratio: Return per unit of downside risk	1.99	1.65	+0.34
Omega ratio: Gain probability vs. loss probability	1.27	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	2.27	1.88	+0.40
Martin ratio: Return relative to average drawdown	7.60	6.00	+1.60

SMIDX vs. QQQ - Sharpe Ratio Comparison

The current SMIDX Sharpe Ratio is 1.46, which is comparable to the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of SMIDX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMIDX vs. QQQ - Drawdown Comparison

The maximum SMIDX drawdown since its inception was -21.99%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SMIDX and QQQ.

Drawdown Indicators

	SMIDX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.99%	-82.97%	+60.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-11.96%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.11%	-22.77%	+12.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.99%	-35.12%	+13.13%
Max Drawdown (10Y) Largest decline over 10 years	-21.99%	-35.12%	+13.13%
Current Drawdown Current decline from peak	-4.74%	-7.69%	+2.95%
Average Drawdown Average peak-to-trough decline	-6.29%	-32.62%	+26.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.74%	-1.13%

Volatility

SMIDX vs. QQQ - Volatility Comparison

The current volatility for SMI Dynamic Allocation Fund (SMIDX) is 3.28%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that SMIDX 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.

Volatility by Period

	SMIDX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	6.87%	-3.59%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	16.08%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	19.38%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.88%	22.90%	-12.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.33%	22.50%	-12.17%

SMIDX vs. QQQ - Expense Ratio Comparison

SMIDX has a 1.19% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

SMIDX vs. QQQ - Dividend Comparison

SMIDX's dividend yield for the trailing twelve months is around 11.07%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
SMIDX SMI Dynamic Allocation Fund	11.07%	11.83%	6.43%	0.19%	0.00%	7.91%	5.32%	1.22%	1.53%	0.92%	0.25%	1.27%

Frequently Asked Questions

Can I hold both SMIDX and QQQ in my portfolio?

SMIDX and QQQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMIDX or QQQ?

QQQ has higher volatility (6.87%) compared to SMIDX (3.28%). In terms of maximum drawdown, SMIDX dropped -21.99% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

SMIDX currently has the higher Sharpe Ratio (1.46 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.