^AW05 vs. QQQ
Compare and contrast key facts about FTSE All World ex South Africa Index (^AW05) and Invesco QQQ (QQQ).
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: ^AW05 or QQQ.
Key characteristics
| ^AW05 | QQQ | |
|---|---|---|
| YTD Return | 10.42% | 9.88% |
| 1Y Return | 18.39% | 21.43% |
| 3Y Return (Ann) | 2.44% | 6.20% |
| 5Y Return (Ann) | 8.77% | 19.38% |
| 10Y Return (Ann) | 6.33% | 17.28% |
| Sharpe Ratio | 1.77 | 1.16 |
| Daily Std Dev | 10.49% | 17.67% |
| Max Drawdown | -59.47% | -82.98% |
| Current Drawdown | -3.61% | -10.79% |
Correlation
The correlation between ^AW05 and QQQ is 0.75, 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
^AW05 vs. QQQ - Performance Comparison
In the year-to-date period, ^AW05 achieves a 10.42% return, which is significantly higher than QQQ's 9.88% return. Over the past 10 years, ^AW05 has underperformed QQQ with an annualized return of 6.33%, while QQQ has yielded a comparatively higher 17.28% 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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Risk-Adjusted Performance
^AW05 vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FTSE All World ex South Africa Index (^AW05) 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.
Drawdowns
^AW05 vs. QQQ - Drawdown Comparison
The maximum ^AW05 drawdown since its inception was -59.47%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^AW05 and QQQ. For additional features, visit the drawdowns tool.
Volatility
^AW05 vs. QQQ - Volatility Comparison
The current volatility for FTSE All World ex South Africa Index (^AW05) is 3.45%, while Invesco QQQ (QQQ) has a volatility of 6.40%. This indicates that ^AW05 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.