VHGEX vs. QQQ
Compare and contrast key facts about Vanguard Global Equity Fund (VHGEX) and Invesco QQQ (QQQ).
VHGEX 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: VHGEX or QQQ.
Key characteristics
| VHGEX | QQQ | |
|---|---|---|
| YTD Return | 5.30% | 5.38% |
| 1Y Return | 19.19% | 35.44% |
| 3Y Return (Ann) | 0.90% | 8.91% |
| 5Y Return (Ann) | 8.94% | 18.53% |
| 10Y Return (Ann) | 8.52% | 18.34% |
| Sharpe Ratio | 1.50 | 2.40 |
| Daily Std Dev | 14.24% | 16.32% |
| Max Drawdown | -64.62% | -82.98% |
| Current Drawdown | -3.07% | -3.45% |
Correlation
The correlation between VHGEX 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
VHGEX vs. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with VHGEX having a 5.30% return and QQQ slightly higher at 5.38%. Over the past 10 years, VHGEX has underperformed QQQ with an annualized return of 8.52%, while QQQ has yielded a comparatively higher 18.34% 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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VHGEX vs. QQQ - Expense Ratio Comparison
VHGEX has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
VHGEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Equity Fund (VHGEX) 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
VHGEX vs. QQQ - Dividend Comparison
VHGEX's dividend yield for the trailing twelve months is around 1.09%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | 1.09% | 1.15% | 11.32% | 10.90% | 2.88% | 6.20% | 8.45% | 1.29% | 1.51% | 1.71% | 1.56% | 1.53% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
VHGEX vs. QQQ - Drawdown Comparison
The maximum VHGEX drawdown since its inception was -64.62%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VHGEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VHGEX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Global Equity Fund (VHGEX) is 4.11%, while Invesco QQQ (QQQ) has a volatility of 5.12%. This indicates that VHGEX 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.