WAINX vs. QQQ
Compare and contrast key facts about Wasatch Emerging India Fund (WAINX) and Invesco QQQ (QQQ).
WAINX is managed by Wasatch. It was launched on Apr 25, 2011. 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: WAINX or QQQ.
Key characteristics
| WAINX | QQQ | |
|---|---|---|
| YTD Return | 8.84% | 25.79% |
| 1Y Return | 12.83% | 36.91% |
| 3Y Return (Ann) | -3.07% | 9.89% |
| 5Y Return (Ann) | 9.08% | 21.42% |
| 10Y Return (Ann) | 8.91% | 18.39% |
| Sharpe Ratio | 0.88 | 2.11 |
| Sortino Ratio | 1.35 | 2.78 |
| Omega Ratio | 1.17 | 1.38 |
| Calmar Ratio | 0.61 | 2.69 |
| Martin Ratio | 4.76 | 9.81 |
| Ulcer Index | 2.66% | 3.72% |
| Daily Std Dev | 14.32% | 17.32% |
| Max Drawdown | -41.34% | -82.98% |
| Current Drawdown | -9.61% | -0.24% |
Correlation
The correlation between WAINX and QQQ is 0.32, 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
WAINX vs. QQQ - Performance Comparison
In the year-to-date period, WAINX achieves a 8.84% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, WAINX has underperformed QQQ with an annualized return of 8.91%, while QQQ has yielded a comparatively higher 18.39% 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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WAINX vs. QQQ - Expense Ratio Comparison
WAINX has a 1.51% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
WAINX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging India Fund (WAINX) 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
WAINX vs. QQQ - Dividend Comparison
WAINX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAINX Wasatch Emerging India Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 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
WAINX vs. QQQ - Drawdown Comparison
The maximum WAINX drawdown since its inception was -41.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WAINX and QQQ. For additional features, visit the drawdowns tool.
Volatility
WAINX vs. QQQ - Volatility Comparison
The current volatility for Wasatch Emerging India Fund (WAINX) is 3.87%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that WAINX 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.