BRMKX vs. QQQ
Compare and contrast key facts about iShares Russell Mid-Cap Index Fund (BRMKX) and Invesco QQQ (QQQ).
BRMKX is managed by Blackrock. It was launched on May 13, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRMKX or QQQ.
Key characteristics
| BRMKX | QQQ | |
|---|---|---|
| YTD Return | 20.66% | 25.79% |
| 1Y Return | 37.95% | 36.91% |
| 3Y Return (Ann) | 4.78% | 9.89% |
| 5Y Return (Ann) | 11.85% | 21.42% |
| Sharpe Ratio | 2.78 | 2.11 |
| Sortino Ratio | 3.85 | 2.78 |
| Omega Ratio | 1.48 | 1.38 |
| Calmar Ratio | 2.21 | 2.69 |
| Martin Ratio | 16.43 | 9.81 |
| Ulcer Index | 2.30% | 3.72% |
| Daily Std Dev | 13.55% | 17.32% |
| Max Drawdown | -40.20% | -82.98% |
| Current Drawdown | -0.67% | -0.24% |
Correlation
The correlation between BRMKX and QQQ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BRMKX vs. QQQ - Performance Comparison
In the year-to-date period, BRMKX achieves a 20.66% return, which is significantly lower than QQQ's 25.79% 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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BRMKX vs. QQQ - Expense Ratio Comparison
BRMKX has a 0.06% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BRMKX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Index Fund (BRMKX) 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
BRMKX vs. QQQ - Dividend Comparison
BRMKX's dividend yield for the trailing twelve months is around 1.48%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRMKX iShares Russell Mid-Cap Index Fund | 1.48% | 1.50% | 1.74% | 1.07% | 1.41% | 1.59% | 1.58% | 2.65% | 1.79% | 0.78% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
BRMKX vs. QQQ - Drawdown Comparison
The maximum BRMKX drawdown since its inception was -40.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BRMKX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BRMKX vs. QQQ - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Index Fund (BRMKX) is 4.08%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that BRMKX 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.