VGCAX vs. QQQ
Compare and contrast key facts about Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) and Invesco QQQ (QQQ).
VGCAX is managed by Vanguard. It was launched on Nov 15, 2018. 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: VGCAX or QQQ.
Key characteristics
| VGCAX | QQQ | |
|---|---|---|
| YTD Return | 4.64% | 26.09% |
| 1Y Return | 11.64% | 39.88% |
| 3Y Return (Ann) | -0.75% | 9.90% |
| 5Y Return (Ann) | 1.94% | 21.46% |
| Sharpe Ratio | 2.31 | 2.22 |
| Sortino Ratio | 3.54 | 2.92 |
| Omega Ratio | 1.42 | 1.40 |
| Calmar Ratio | 0.85 | 2.86 |
| Martin Ratio | 12.02 | 10.44 |
| Ulcer Index | 0.91% | 3.72% |
| Daily Std Dev | 4.72% | 17.47% |
| Max Drawdown | -18.63% | -82.98% |
| Current Drawdown | -2.64% | 0.00% |
Correlation
The correlation between VGCAX and QQQ is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VGCAX vs. QQQ - Performance Comparison
In the year-to-date period, VGCAX achieves a 4.64% return, which is significantly lower than QQQ's 26.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VGCAX vs. QQQ - Expense Ratio Comparison
VGCAX has a 0.25% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VGCAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) 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
VGCAX vs. QQQ - Dividend Comparison
VGCAX's dividend yield for the trailing twelve months is around 4.50%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 4.50% | 4.49% | 2.72% | 1.62% | 2.35% | 3.66% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VGCAX vs. QQQ - Drawdown Comparison
The maximum VGCAX drawdown since its inception was -18.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VGCAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VGCAX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.23%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that VGCAX 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.