VHCOX vs. QQQ
Compare and contrast key facts about Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Invesco QQQ (QQQ).
VHCOX is managed by Vanguard. It was launched on Aug 14, 1995. 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: VHCOX or QQQ.
Key characteristics
| VHCOX | QQQ | |
|---|---|---|
| YTD Return | 18.45% | 26.09% |
| 1Y Return | 29.30% | 39.88% |
| 3Y Return (Ann) | -0.68% | 9.90% |
| 5Y Return (Ann) | 6.44% | 21.46% |
| 10Y Return (Ann) | 6.15% | 18.52% |
| Sharpe Ratio | 1.90 | 2.22 |
| Sortino Ratio | 2.60 | 2.92 |
| Omega Ratio | 1.34 | 1.40 |
| Calmar Ratio | 1.10 | 2.86 |
| Martin Ratio | 9.01 | 10.44 |
| Ulcer Index | 3.02% | 3.72% |
| Daily Std Dev | 14.34% | 17.47% |
| Max Drawdown | -61.19% | -82.98% |
| Current Drawdown | -2.71% | 0.00% |
Correlation
The correlation between VHCOX and QQQ is 0.86, 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
VHCOX vs. QQQ - Performance Comparison
In the year-to-date period, VHCOX achieves a 18.45% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, VHCOX has underperformed QQQ with an annualized return of 6.15%, while QQQ has yielded a comparatively higher 18.52% 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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VHCOX vs. QQQ - Expense Ratio Comparison
VHCOX has a 0.43% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
VHCOX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) 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
VHCOX vs. QQQ - Dividend Comparison
VHCOX's dividend yield for the trailing twelve months is around 0.59%, which matches QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 0.59% | 0.70% | 0.80% | 0.35% | 0.43% | 0.73% | 0.83% | 0.68% | 0.69% | 0.58% | 0.58% | 0.16% |
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
VHCOX vs. QQQ - Drawdown Comparison
The maximum VHCOX drawdown since its inception was -61.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VHCOX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VHCOX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is 4.42%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that VHCOX 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.