TMAAX vs. QQQ
Compare and contrast key facts about Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX) and Invesco QQQ (QQQ).
TMAAX is managed by Thrivent. It was launched on Jun 30, 2005. 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: TMAAX or QQQ.
Key characteristics
| TMAAX | QQQ | |
|---|---|---|
| YTD Return | 4.32% | 5.81% |
| 1Y Return | 15.12% | 35.06% |
| 3Y Return (Ann) | 2.69% | 9.32% |
| 5Y Return (Ann) | 7.30% | 18.88% |
| 10Y Return (Ann) | 5.86% | 18.36% |
| Sharpe Ratio | 1.68 | 2.23 |
| Daily Std Dev | 9.48% | 16.14% |
| Max Drawdown | -50.54% | -82.98% |
| Current Drawdown | -2.57% | -3.05% |
Correlation
The correlation between TMAAX and QQQ is 0.86, 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
TMAAX vs. QQQ - Performance Comparison
In the year-to-date period, TMAAX achieves a 4.32% return, which is significantly lower than QQQ's 5.81% return. Over the past 10 years, TMAAX has underperformed QQQ with an annualized return of 5.86%, while QQQ has yielded a comparatively higher 18.36% 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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TMAAX vs. QQQ - Expense Ratio Comparison
TMAAX has a 1.33% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TMAAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX) 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
TMAAX vs. QQQ - Dividend Comparison
TMAAX's dividend yield for the trailing twelve months is around 3.41%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAAX Thrivent Moderately Aggressive Allocation Fund Class A | 3.41% | 3.55% | 3.03% | 6.94% | 4.16% | 6.27% | 6.01% | 1.10% | 0.99% | 0.76% | 5.57% | 1.16% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
TMAAX vs. QQQ - Drawdown Comparison
The maximum TMAAX drawdown since its inception was -50.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TMAAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
TMAAX vs. QQQ - Volatility Comparison
The current volatility for Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX) is 2.77%, while Invesco QQQ (QQQ) has a volatility of 5.15%. This indicates that TMAAX 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.