TRRYX vs. QQQM
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRYX) and Invesco NASDAQ 100 ETF (QQQM).
TRRYX is managed by T. Rowe Price. It was launched on Jun 22, 2014. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRYX or QQQM.
Key characteristics
| TRRYX | QQQM | |
|---|---|---|
| YTD Return | 13.93% | 16.05% |
| 1Y Return | 22.09% | 28.56% |
| 3Y Return (Ann) | 4.21% | 9.03% |
| Sharpe Ratio | 1.87 | 1.63 |
| Daily Std Dev | 11.74% | 17.67% |
| Max Drawdown | -32.54% | -35.05% |
| Current Drawdown | -0.66% | -5.85% |
Correlation
The correlation between TRRYX and QQQM is 0.85, 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
TRRYX vs. QQQM - Performance Comparison
In the year-to-date period, TRRYX achieves a 13.93% return, which is significantly lower than QQQM's 16.05% 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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TRRYX vs. QQQM - Expense Ratio Comparison
TRRYX has a 0.90% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
TRRYX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRYX) and Invesco NASDAQ 100 ETF (QQQM). 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
TRRYX vs. QQQM - Dividend Comparison
TRRYX's dividend yield for the trailing twelve months is around 2.76%, more than QQQM's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRRYX T. Rowe Price Retirement 2060 Fund | 2.76% | 3.14% | 5.54% | 4.01% | 2.26% | 4.12% | 5.23% | 2.66% | 2.57% | 2.07% | 1.52% |
QQQM Invesco NASDAQ 100 ETF | 0.54% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRYX vs. QQQM - Drawdown Comparison
The maximum TRRYX drawdown since its inception was -32.54%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for TRRYX and QQQM. For additional features, visit the drawdowns tool.
Volatility
TRRYX vs. QQQM - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2060 Fund (TRRYX) is 3.86%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.06%. This indicates that TRRYX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.