ADPV vs. QQQ
Compare and contrast key facts about Adaptiv Select ETF (ADPV) and Invesco QQQ (QQQ).
ADPV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADPV is an actively managed fund by Adaptiv. It was launched on Nov 3, 2022. 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: ADPV or QQQ.
Key characteristics
| ADPV | QQQ | |
|---|---|---|
| YTD Return | 28.24% | 15.96% |
| 1Y Return | 28.87% | 28.44% |
| Sharpe Ratio | 1.48 | 1.62 |
| Daily Std Dev | 19.77% | 17.68% |
| Max Drawdown | -14.73% | -82.98% |
| Current Drawdown | -0.43% | -5.86% |
Correlation
The correlation between ADPV and QQQ is 0.57, 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
ADPV vs. QQQ - Performance Comparison
In the year-to-date period, ADPV achieves a 28.24% return, which is significantly higher than QQQ's 15.96% 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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ADPV vs. QQQ - Expense Ratio Comparison
ADPV has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ADPV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptiv Select ETF (ADPV) 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
ADPV vs. QQQ - Dividend Comparison
ADPV's dividend yield for the trailing twelve months is around 0.17%, less than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADPV Adaptiv Select ETF | 0.17% | 0.22% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ADPV vs. QQQ - Drawdown Comparison
The maximum ADPV drawdown since its inception was -14.73%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ADPV and QQQ. For additional features, visit the drawdowns tool.
Volatility
ADPV vs. QQQ - Volatility Comparison
The current volatility for Adaptiv Select ETF (ADPV) is 4.97%, while Invesco QQQ (QQQ) has a volatility of 6.05%. This indicates that ADPV 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.