VADAX vs. QQQ
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco QQQ (QQQ).
VADAX is managed by Invesco. 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: VADAX or QQQ.
Correlation
The correlation between VADAX and QQQ is 0.87, 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
VADAX vs. QQQ - Performance Comparison
Key characteristics
VADAX:
0.26
QQQ:
0.47
VADAX:
0.49
QQQ:
0.82
VADAX:
1.07
QQQ:
1.11
VADAX:
0.25
QQQ:
0.52
VADAX:
0.97
QQQ:
1.79
VADAX:
4.57%
QQQ:
6.64%
VADAX:
17.09%
QQQ:
25.28%
VADAX:
-60.26%
QQQ:
-82.98%
VADAX:
-10.12%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, VADAX achieves a -4.05% return, which is significantly higher than QQQ's -7.43% return. Over the past 10 years, VADAX has underperformed QQQ with an annualized return of 8.87%, while QQQ has yielded a comparatively higher 16.64% annualized return.
VADAX
-4.05%
-4.31%
-5.38%
4.53%
14.36%
8.87%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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VADAX vs. QQQ - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
VADAX vs. QQQ — Risk-Adjusted Performance Rank
VADAX
QQQ
VADAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) 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
VADAX vs. QQQ - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 9.14%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 9.14% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 2.77% | 2.37% |
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
VADAX vs. QQQ - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VADAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. QQQ - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 12.81%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that VADAX 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.