AMOM vs. QQQA

Last updated Aug 2, 2026

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. AMOM is actively managed, while QQQA is passively managed. Over the past 5 years, AMOM returned 9.25%/yr vs 10.32%/yr for QQQA. Their correlation of 0.86 means they have usually moved in the same direction. AMOM charges 0.75%/yr vs 0.58%/yr for QQQA.

Performance

AMOM vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMOM achieves a 15.87% return, which is significantly lower than QQQA's 42.60% return.

AMOM

• 1D: 0.94%
• 1M: -4.25%
• 6M: 11.05%
• YTD: 15.87%
• 1Y: 23.53%
• 3Y*: 20.81%
• 5Y*: 9.25%
• 10Y*: —
• ALL TIME*: 16.64%

QQQA

• 1D: 0.67%
• 1M: -6.70%
• 6M: 32.26%
• YTD: 42.60%
• 1Y: 60.80%
• 3Y*: 24.95%
• 5Y*: 10.32%
• 10Y*: —
• ALL TIME*: 11.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	$150.21K	$582.70K	$376.87K
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	$2.36M	$3.63M	$3.95M

AMOM vs. QQQA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	15.87%	7.69%	35.79%	27.06%	-26.29%	7.49%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	42.60%	9.87%	16.17%	24.98%	-29.08%	9.84%

Correlation

The correlation between AMOM and QQQA is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since May 20, 2021	0.86

The correlation between AMOM and QQQA has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

AMOM vs. QQQA - Sectors Allocation Comparison

Sectors	AMOM	QQQA
Technology	56.7%	74.4%
Industrials	19.5%	-
Energy	10.0%	5.9%
Basic Materials	8.2%	-
Communication Services	7.4%	11.0%
Financial Services	6.2%	-
Consumer Defensive	5.0%	-
Healthcare	4.5%	5.6%
Real Estate	1.9%	-
Utilities	1.1%	-
Consumer Cyclical	1.1%	3.1%

Return for Risk

AMOM vs. QQQA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMOM

AMOM Risk / Return Rank: 36
AMOM Sharpe Ratio Rank: 33
AMOM Sortino Ratio Rank: 33
AMOM Omega Ratio Rank: 33
AMOM Calmar Ratio Rank: 37
AMOM Martin Ratio Rank: 42

QQQA

QQQA Risk / Return Rank: 73
QQQA Sharpe Ratio Rank: 77
QQQA Sortino Ratio Rank: 68
QQQA Omega Ratio Rank: 72
QQQA Calmar Ratio Rank: 75
QQQA Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMOM vs. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMOM	QQQA	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.74	-0.93
Sortino ratio: Return per unit of downside risk	1.24	2.21	-0.97
Omega ratio: Gain probability vs. loss probability	1.16	1.30	-0.14
Calmar ratio: Return relative to maximum drawdown	1.26	2.61	-1.35
Martin ratio: Return relative to average drawdown	4.62	9.11	-4.50

AMOM vs. QQQA - Sharpe Ratio Comparison

The current AMOM Sharpe Ratio is 0.81, which is lower than the QQQA Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of AMOM and QQQA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMOM vs. QQQA - Drawdown Comparison

The maximum AMOM drawdown since its inception was -39.68%, roughly equal to the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for AMOM and QQQA.

Drawdown Indicators

	AMOM	QQQA	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-38.44%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	-18.03%	-22.41%	+4.38%
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	-30.84%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	-38.44%	-1.24%
Current Drawdown Current decline from peak	-12.57%	-18.50%	+5.93%
Average Drawdown Average peak-to-trough decline	-10.72%	-15.52%	+4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	6.41%	-1.51%

Volatility

AMOM vs. QQQA - Volatility Comparison

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) have volatilities of 11.89% and 12.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMOM	QQQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.89%	12.31%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	23.74%	30.12%	-6.38%
Volatility (1Y) Calculated over the trailing 1-year period	27.91%	33.64%	-5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.99%	27.45%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.59%	27.08%	-1.49%

AMOM vs. QQQA - Expense Ratio Comparison

AMOM has a 0.75% expense ratio, which is higher than QQQA's 0.58% expense ratio.

Dividends

AMOM vs. QQQA - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.04%, more than QQQA's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.04%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.03%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMOM and QQQA in my portfolio?

With a correlation of 0.90, AMOM and QQQA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMOM or QQQA?

QQQA has higher volatility (12.31%) compared to AMOM (11.89%). In terms of maximum drawdown, AMOM dropped -39.68% vs QQQA's -38.44%.

Which ETF is better, AMOM or QQQA?

On 5-year performance, QQQA leads with 10.32% vs 9.25% for AMOM. On fees, QQQA is cheaper at 0.58% per year. On volatility, AMOM has been the lower-risk option at 11.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMOM or QQQA?

Over the 5-year period, QQQA has performed better with a 10.32% return vs 9.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMOM or QQQA?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.75% for AMOM.

Which ETF pays a higher dividend yield, AMOM or QQQA?

AMOM has the higher dividend yield at 0.04%, compared with 0.03% for QQQA.

What is the main difference between AMOM and QQQA?

AMOM is categorized as Momentum, while QQQA is Nasdaq-100. They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.75% for AMOM and 0.58% for QQQA.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (1.74 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.