USA vs. QQQ
Compare and contrast key facts about Liberty All-Star Equity Fund (USA) and Invesco QQQ (QQQ).
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: USA or QQQ.
Correlation
The correlation between USA and QQQ is 0.74, 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
USA vs. QQQ - Performance Comparison
Key characteristics
USA:
0.17
QQQ:
0.47
USA:
0.37
QQQ:
0.82
USA:
1.05
QQQ:
1.11
USA:
0.18
QQQ:
0.52
USA:
0.68
QQQ:
1.79
USA:
4.62%
QQQ:
6.64%
USA:
18.33%
QQQ:
25.28%
USA:
-69.05%
QQQ:
-82.98%
USA:
-10.09%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, USA achieves a -4.90% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, USA has underperformed QQQ with an annualized return of 11.49%, while QQQ has yielded a comparatively higher 16.64% annualized return.
USA
-4.90%
-3.21%
-6.04%
4.56%
14.97%
11.49%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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Risk-Adjusted Performance
USA vs. QQQ — Risk-Adjusted Performance Rank
USA
QQQ
USA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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
USA vs. QQQ - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 10.79%, more than QQQ's 0.63% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 10.79% | 10.22% | 9.56% | 12.11% | 9.67% | 9.26% | 9.88% | 12.81% | 9.01% | 9.43% | 9.66% | 6.61% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
USA vs. QQQ - Drawdown Comparison
The maximum USA drawdown since its inception was -69.05%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for USA and QQQ. For additional features, visit the drawdowns tool.
Volatility
USA vs. QQQ - Volatility Comparison
The current volatility for Liberty All-Star Equity Fund (USA) is 11.99%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that USA 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.