AFTY vs. QQQ
Compare and contrast key facts about Pacer CSOP FTSE China A50 ETF (AFTY) and Invesco QQQ (QQQ).
AFTY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFTY is a passively managed fund by Pacer Advisors that tracks the performance of the FTSE China A 50. It was launched on Mar 12, 2015. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AFTY and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTY or QQQ.
Key characteristics
| AFTY | QQQ | |
|---|---|---|
| YTD Return | 6.62% | 3.07% |
| 1Y Return | -7.68% | 32.86% |
| 3Y Return (Ann) | -12.54% | 8.34% |
| 5Y Return (Ann) | -1.82% | 17.98% |
| Sharpe Ratio | -0.37 | 1.95 |
| Daily Std Dev | 18.27% | 16.25% |
| Max Drawdown | -51.06% | -82.98% |
| Current Drawdown | -43.89% | -5.57% |
Correlation
The correlation between AFTY and QQQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AFTY vs. QQQ - Performance Comparison
In the year-to-date period, AFTY achieves a 6.62% return, which is significantly higher than QQQ's 3.07% 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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AFTY vs. QQQ - Expense Ratio Comparison
AFTY has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
AFTY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer CSOP FTSE China A50 ETF (AFTY) 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
AFTY vs. QQQ - Dividend Comparison
AFTY's dividend yield for the trailing twelve months is around 2.09%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTY Pacer CSOP FTSE China A50 ETF | 2.09% | 2.23% | 2.08% | 1.84% | 1.48% | 8.63% | 1.85% | 6.62% | 1.19% | 16.76% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AFTY vs. QQQ - Drawdown Comparison
The maximum AFTY drawdown since its inception was -51.06%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AFTY and QQQ. For additional features, visit the drawdowns tool.
Volatility
AFTY vs. QQQ - Volatility Comparison
The current volatility for Pacer CSOP FTSE China A50 ETF (AFTY) is 4.45%, while Invesco QQQ (QQQ) has a volatility of 5.42%. This indicates that AFTY 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.