ZACE.TO vs. QQQ
Compare and contrast key facts about BMO U.S. All Cap Equity Fund (ZACE.TO) and Invesco QQQ (QQQ).
ZACE.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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: ZACE.TO or QQQ.
Correlation
The correlation between ZACE.TO and QQQ is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZACE.TO vs. QQQ - Performance Comparison
Key characteristics
ZACE.TO:
2.80
QQQ:
1.38
ZACE.TO:
4.22
QQQ:
1.88
ZACE.TO:
1.55
QQQ:
1.25
ZACE.TO:
4.84
QQQ:
1.86
ZACE.TO:
19.34
QQQ:
6.43
ZACE.TO:
1.71%
QQQ:
3.92%
ZACE.TO:
11.84%
QQQ:
18.27%
ZACE.TO:
-26.02%
QQQ:
-82.98%
ZACE.TO:
-1.16%
QQQ:
0.00%
Returns By Period
In the year-to-date period, ZACE.TO achieves a 3.55% return, which is significantly lower than QQQ's 5.50% return.
ZACE.TO
3.55%
0.99%
17.92%
33.07%
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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ZACE.TO vs. QQQ - Expense Ratio Comparison
Risk-Adjusted Performance
ZACE.TO vs. QQQ — Risk-Adjusted Performance Rank
ZACE.TO
QQQ
ZACE.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO U.S. All Cap Equity Fund (ZACE.TO) 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
ZACE.TO vs. QQQ - Dividend Comparison
ZACE.TO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZACE.TO BMO U.S. All Cap Equity Fund | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ZACE.TO vs. QQQ - Drawdown Comparison
The maximum ZACE.TO drawdown since its inception was -26.02%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ZACE.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
ZACE.TO vs. QQQ - Volatility Comparison
The current volatility for BMO U.S. All Cap Equity Fund (ZACE.TO) is 2.92%, while Invesco QQQ (QQQ) has a volatility of 4.69%. This indicates that ZACE.TO 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.