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WAMCX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

WAMCX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Ultra Growth Fund (WAMCX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
14.77%
11.65%
WAMCX
QQQ

Returns By Period

In the year-to-date period, WAMCX achieves a 15.53% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, WAMCX has underperformed QQQ with an annualized return of 3.91%, while QQQ has yielded a comparatively higher 18.03% annualized return.


WAMCX

YTD

15.53%

1M

6.44%

6M

14.77%

1Y

36.42%

5Y (annualized)

7.03%

10Y (annualized)

3.91%

QQQ

YTD

23.84%

1M

1.82%

6M

11.65%

1Y

30.35%

5Y (annualized)

20.97%

10Y (annualized)

18.03%

Key characteristics


WAMCXQQQ
Sharpe Ratio1.771.78
Sortino Ratio2.422.37
Omega Ratio1.301.32
Calmar Ratio0.722.28
Martin Ratio7.578.27
Ulcer Index4.95%3.73%
Daily Std Dev21.12%17.37%
Max Drawdown-70.06%-82.98%
Current Drawdown-34.48%-1.78%

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WAMCX vs. QQQ - Expense Ratio Comparison

WAMCX has a 1.16% expense ratio, which is higher than QQQ's 0.20% expense ratio.


WAMCX
Wasatch Ultra Growth Fund
Expense ratio chart for WAMCX: current value at 1.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.16%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.8

The correlation between WAMCX and QQQ is 0.79, 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.

Risk-Adjusted Performance

WAMCX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Ultra Growth Fund (WAMCX) 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.


Sharpe ratio
The chart of Sharpe ratio for WAMCX, currently valued at 1.77, compared to the broader market-1.000.001.002.003.004.005.001.771.78
The chart of Sortino ratio for WAMCX, currently valued at 2.42, compared to the broader market0.005.0010.002.422.37
The chart of Omega ratio for WAMCX, currently valued at 1.30, compared to the broader market1.002.003.004.001.301.32
The chart of Calmar ratio for WAMCX, currently valued at 0.72, compared to the broader market0.005.0010.0015.0020.000.722.28
The chart of Martin ratio for WAMCX, currently valued at 7.57, compared to the broader market0.0020.0040.0060.0080.00100.007.578.27
WAMCX
QQQ

The current WAMCX Sharpe Ratio is 1.77, which is comparable to the QQQ Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of WAMCX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.77
1.78
WAMCX
QQQ

Dividends

WAMCX vs. QQQ - Dividend Comparison

WAMCX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.


TTM20232022202120202019201820172016201520142013
WAMCX
Wasatch Ultra Growth Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.50%0.61%0.00%0.06%0.00%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

WAMCX vs. QQQ - Drawdown Comparison

The maximum WAMCX drawdown since its inception was -70.06%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WAMCX and QQQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-34.48%
-1.78%
WAMCX
QQQ

Volatility

WAMCX vs. QQQ - Volatility Comparison

Wasatch Ultra Growth Fund (WAMCX) has a higher volatility of 6.61% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that WAMCX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
6.61%
5.41%
WAMCX
QQQ