TCAF vs. QQQ
Compare and contrast key facts about T. Rowe Price Capital Appreciation Equity ETF (TCAF) and Invesco QQQ (QQQ).
TCAF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCAF is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. 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: TCAF or QQQ.
Key characteristics
| TCAF | QQQ | |
|---|---|---|
| YTD Return | 18.13% | 15.96% |
| 1Y Return | 27.48% | 28.44% |
| Sharpe Ratio | 2.20 | 1.62 |
| Daily Std Dev | 11.80% | 17.68% |
| Max Drawdown | -8.80% | -82.98% |
| Current Drawdown | 0.00% | -5.86% |
Correlation
The correlation between TCAF 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
TCAF vs. QQQ - Performance Comparison
In the year-to-date period, TCAF achieves a 18.13% return, which is significantly higher than QQQ's 15.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TCAF vs. QQQ - Expense Ratio Comparison
TCAF has a 0.31% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TCAF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Equity ETF (TCAF) 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
TCAF vs. QQQ - Dividend Comparison
TCAF's dividend yield for the trailing twelve months is around 0.22%, less than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCAF T. Rowe Price Capital Appreciation Equity ETF | 0.22% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TCAF vs. QQQ - Drawdown Comparison
The maximum TCAF drawdown since its inception was -8.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TCAF and QQQ. For additional features, visit the drawdowns tool.
Volatility
TCAF vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Equity ETF (TCAF) is 3.65%, while Invesco QQQ (QQQ) has a volatility of 6.05%. This indicates that TCAF 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.