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.
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
Key characteristics
TMAAX:
0.81
QQQ:
1.64
TMAAX:
1.08
QQQ:
2.19
TMAAX:
1.16
QQQ:
1.30
TMAAX:
0.63
QQQ:
2.16
TMAAX:
4.84
QQQ:
7.79
TMAAX:
1.84%
QQQ:
3.76%
TMAAX:
10.97%
QQQ:
17.85%
TMAAX:
-51.24%
QQQ:
-82.98%
TMAAX:
-8.36%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, TMAAX achieves a 8.39% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, TMAAX has underperformed QQQ with an annualized return of 3.52%, while QQQ has yielded a comparatively higher 18.36% annualized return.
TMAAX
8.39%
-5.87%
0.17%
10.05%
3.98%
3.52%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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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 1.48%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAAX Thrivent Moderately Aggressive Allocation Fund Class A | 1.48% | 1.60% | 1.03% | 1.32% | 0.74% | 1.16% | 1.47% | 1.10% | 0.98% | 0.76% | 1.11% | 1.16% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TMAAX vs. QQQ - Drawdown Comparison
The maximum TMAAX drawdown since its inception was -51.24%, 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
Thrivent Moderately Aggressive Allocation Fund Class A (TMAAX) has a higher volatility of 5.87% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that TMAAX'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.