QQQ vs. TIEIX
Compare and contrast key facts about Invesco QQQ (QQQ) and TIAA-CREF Equity Index Fund (TIEIX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or TIEIX.
Key characteristics
| QQQ | TIEIX | |
|---|---|---|
| YTD Return | 25.63% | 26.11% |
| 1Y Return | 33.85% | 35.19% |
| 3Y Return (Ann) | 9.83% | 8.85% |
| 5Y Return (Ann) | 21.21% | 15.18% |
| 10Y Return (Ann) | 18.37% | 12.89% |
| Sharpe Ratio | 2.12 | 2.92 |
| Sortino Ratio | 2.79 | 3.73 |
| Omega Ratio | 1.38 | 1.57 |
| Calmar Ratio | 2.71 | 4.47 |
| Martin Ratio | 9.88 | 19.82 |
| Ulcer Index | 3.72% | 1.93% |
| Daily Std Dev | 17.31% | 13.10% |
| Max Drawdown | -82.98% | -55.55% |
| Current Drawdown | -0.37% | -0.45% |
Correlation
The correlation between QQQ and TIEIX is 0.88, 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
QQQ vs. TIEIX - Performance Comparison
The year-to-date returns for both investments are quite close, with QQQ having a 25.63% return and TIEIX slightly higher at 26.11%. Over the past 10 years, QQQ has outperformed TIEIX with an annualized return of 18.37%, while TIEIX has yielded a comparatively lower 12.89% annualized 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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QQQ vs. TIEIX - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is higher than TIEIX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQQ vs. TIEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and TIAA-CREF Equity Index Fund (TIEIX). 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
QQQ vs. TIEIX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.59%, less than TIEIX's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
TIEIX TIAA-CREF Equity Index Fund | 1.17% | 1.47% | 1.58% | 1.21% | 1.44% | 1.79% | 2.04% | 1.70% | 1.98% | 2.07% | 1.82% | 1.69% |
Drawdowns
QQQ vs. TIEIX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than TIEIX's maximum drawdown of -55.55%. Use the drawdown chart below to compare losses from any high point for QQQ and TIEIX. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. TIEIX - Volatility Comparison
Invesco QQQ (QQQ) has a higher volatility of 4.91% compared to TIAA-CREF Equity Index Fund (TIEIX) at 3.93%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than TIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.