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BLCN vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BLCN and QQQ is 0.69, 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.


-0.50.00.51.00.7

Performance

BLCN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%250.00%JulyAugustSeptemberOctoberNovemberDecember
16.87%
226.52%
BLCN
QQQ

Key characteristics

Sharpe Ratio

BLCN:

0.42

QQQ:

1.54

Sortino Ratio

BLCN:

0.86

QQQ:

2.06

Omega Ratio

BLCN:

1.10

QQQ:

1.28

Calmar Ratio

BLCN:

0.29

QQQ:

2.03

Martin Ratio

BLCN:

1.93

QQQ:

7.34

Ulcer Index

BLCN:

8.43%

QQQ:

3.75%

Daily Std Dev

BLCN:

39.05%

QQQ:

17.90%

Max Drawdown

BLCN:

-64.38%

QQQ:

-82.98%

Current Drawdown

BLCN:

-47.66%

QQQ:

-4.03%

Returns By Period

In the year-to-date period, BLCN achieves a 9.69% return, which is significantly lower than QQQ's 26.66% return.


BLCN

YTD

9.69%

1M

-4.72%

6M

0.13%

1Y

13.05%

5Y*

1.43%

10Y*

N/A

QQQ

YTD

26.66%

1M

3.29%

6M

6.76%

1Y

26.84%

5Y*

20.38%

10Y*

18.30%

Compare stocks, funds, or ETFs

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BLCN vs. QQQ - Expense Ratio Comparison

BLCN has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.


BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
Expense ratio chart for BLCN: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

BLCN vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) 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.


Sharpe ratio
The chart of Sharpe ratio for BLCN, currently valued at 0.42, compared to the broader market0.002.004.000.421.54
The chart of Sortino ratio for BLCN, currently valued at 0.86, compared to the broader market-2.000.002.004.006.008.0010.000.862.06
The chart of Omega ratio for BLCN, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.28
The chart of Calmar ratio for BLCN, currently valued at 0.29, compared to the broader market0.005.0010.0015.000.292.03
The chart of Martin ratio for BLCN, currently valued at 1.93, compared to the broader market0.0020.0040.0060.0080.00100.001.937.34
BLCN
QQQ

The current BLCN Sharpe Ratio is 0.42, which is lower than the QQQ Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of BLCN and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.42
1.54
BLCN
QQQ

Dividends

BLCN vs. QQQ - Dividend Comparison

BLCN's dividend yield for the trailing twelve months is around 0.66%, more than QQQ's 0.43% yield.


TTM20232022202120202019201820172016201520142013
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
0.66%0.54%1.28%0.56%0.58%1.45%1.15%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

BLCN vs. QQQ - Drawdown Comparison

The maximum BLCN drawdown since its inception was -64.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BLCN and QQQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-47.66%
-4.03%
BLCN
QQQ

Volatility

BLCN vs. QQQ - Volatility Comparison

Siren ETF Trust Siren Nasdaq NexGen Economy ETF (BLCN) has a higher volatility of 12.52% compared to Invesco QQQ (QQQ) at 5.23%. This indicates that BLCN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
12.52%
5.23%
BLCN
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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