^NDXE vs. QQQ
Compare and contrast key facts about NASDAQ 100 Equal Weighted Index (^NDXE) 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: ^NDXE or QQQ.
Correlation
The correlation between ^NDXE and QQQ is 0.89, 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
^NDXE vs. QQQ - Performance Comparison
Key characteristics
^NDXE:
0.21
QQQ:
0.47
^NDXE:
0.45
QQQ:
0.81
^NDXE:
1.06
QQQ:
1.11
^NDXE:
0.21
QQQ:
0.51
^NDXE:
0.73
QQQ:
1.67
^NDXE:
6.07%
QQQ:
6.93%
^NDXE:
21.87%
QQQ:
25.14%
^NDXE:
-58.20%
QQQ:
-82.98%
^NDXE:
-8.10%
QQQ:
-9.36%
Returns By Period
In the year-to-date period, ^NDXE achieves a 0.22% return, which is significantly higher than QQQ's -4.34% return. Over the past 10 years, ^NDXE has underperformed QQQ with an annualized return of 11.04%, while QQQ has yielded a comparatively higher 17.21% annualized return.
^NDXE
0.22%
17.13%
-4.28%
4.60%
11.65%
11.04%
QQQ
-4.34%
17.36%
-4.62%
11.64%
17.57%
17.21%
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Risk-Adjusted Performance
^NDXE vs. QQQ — Risk-Adjusted Performance Rank
^NDXE
QQQ
^NDXE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) 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
^NDXE vs. QQQ - Drawdown Comparison
The maximum ^NDXE drawdown since its inception was -58.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^NDXE and QQQ. For additional features, visit the drawdowns tool.
Volatility
^NDXE vs. QQQ - Volatility Comparison
The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 12.48%, while Invesco QQQ (QQQ) has a volatility of 13.83%. This indicates that ^NDXE 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.