BOUT vs. QQQM
Compare and contrast key facts about Innovator IBD Breakout Opportunities ETF (BOUT) and Invesco NASDAQ 100 ETF (QQQM).
BOUT and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOUT is a passively managed fund by Innovator that tracks the performance of the IBD Breakout Stocks Index. It was launched on Sep 13, 2018. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both BOUT and QQQM 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: BOUT or QQQM.
Key characteristics
| BOUT | QQQM | |
|---|---|---|
| YTD Return | 4.17% | 6.53% |
| 1Y Return | 16.35% | 38.74% |
| 3Y Return (Ann) | 1.46% | 10.44% |
| Sharpe Ratio | 0.97 | 2.34 |
| Daily Std Dev | 15.21% | 16.39% |
| Max Drawdown | -36.76% | -35.05% |
| Current Drawdown | -8.82% | -2.39% |
Correlation
The correlation between BOUT and QQQM is 0.65, 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
BOUT vs. QQQM - Performance Comparison
In the year-to-date period, BOUT achieves a 4.17% return, which is significantly lower than QQQM's 6.53% 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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BOUT vs. QQQM - Expense Ratio Comparison
BOUT has a 0.84% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
BOUT vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator IBD Breakout Opportunities ETF (BOUT) and Invesco NASDAQ 100 ETF (QQQM). 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
BOUT vs. QQQM - Dividend Comparison
BOUT's dividend yield for the trailing twelve months is around 1.27%, more than QQQM's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BOUT Innovator IBD Breakout Opportunities ETF | 1.27% | 1.32% | 1.35% | 0.00% | 0.00% | 0.00% | 0.22% |
QQQM Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% |
Drawdowns
BOUT vs. QQQM - Drawdown Comparison
The maximum BOUT drawdown since its inception was -36.76%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for BOUT and QQQM. For additional features, visit the drawdowns tool.
Volatility
BOUT vs. QQQM - Volatility Comparison
The current volatility for Innovator IBD Breakout Opportunities ETF (BOUT) is 5.23%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.82%. This indicates that BOUT experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.