UBVLX vs. QQQ
Compare and contrast key facts about Undiscovered Managers Behavioral Value Fund (UBVLX) and Invesco QQQ (QQQ).
UBVLX is managed by Blackrock. It was launched on Dec 28, 1998. 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: UBVLX or QQQ.
Key characteristics
| UBVLX | QQQ | |
|---|---|---|
| YTD Return | 15.61% | 25.79% |
| 1Y Return | 26.63% | 36.91% |
| 3Y Return (Ann) | 2.96% | 9.89% |
| 5Y Return (Ann) | 8.80% | 21.42% |
| 10Y Return (Ann) | 6.32% | 18.39% |
| Sharpe Ratio | 1.45 | 2.11 |
| Sortino Ratio | 2.22 | 2.78 |
| Omega Ratio | 1.27 | 1.38 |
| Calmar Ratio | 1.74 | 2.69 |
| Martin Ratio | 8.60 | 9.81 |
| Ulcer Index | 3.04% | 3.72% |
| Daily Std Dev | 18.04% | 17.32% |
| Max Drawdown | -69.52% | -82.98% |
| Current Drawdown | -1.00% | -0.24% |
Correlation
The correlation between UBVLX and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UBVLX vs. QQQ - Performance Comparison
In the year-to-date period, UBVLX achieves a 15.61% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, UBVLX has underperformed QQQ with an annualized return of 6.32%, while QQQ has yielded a comparatively higher 18.39% 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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UBVLX vs. QQQ - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
UBVLX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) 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
UBVLX vs. QQQ - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 1.49%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBVLX Undiscovered Managers Behavioral Value Fund | 1.49% | 1.72% | 1.13% | 0.99% | 0.90% | 0.80% | 1.54% | 2.59% | 0.99% | 0.86% | 1.08% | 0.63% |
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% |
Drawdowns
UBVLX vs. QQQ - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -69.52%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UBVLX and QQQ. For additional features, visit the drawdowns tool.
Volatility
UBVLX vs. QQQ - Volatility Comparison
Undiscovered Managers Behavioral Value Fund (UBVLX) has a higher volatility of 7.03% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that UBVLX'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.