BSMIX vs. QQQ
Compare and contrast key facts about iShares Russell Small/Mid-Cap Index Fund (BSMIX) and Invesco QQQ (QQQ).
BSMIX is managed by Blackrock. It was launched on Aug 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: BSMIX or QQQ.
Key characteristics
| BSMIX | QQQ | |
|---|---|---|
| YTD Return | 12.84% | 20.71% |
| 1Y Return | 30.78% | 34.23% |
| 3Y Return (Ann) | 0.83% | 8.03% |
| 5Y Return (Ann) | 9.91% | 20.54% |
| Sharpe Ratio | 1.66 | 2.02 |
| Sortino Ratio | 2.37 | 2.66 |
| Omega Ratio | 1.29 | 1.36 |
| Calmar Ratio | 1.24 | 2.57 |
| Martin Ratio | 9.12 | 9.35 |
| Ulcer Index | 3.22% | 3.72% |
| Daily Std Dev | 17.69% | 17.23% |
| Max Drawdown | -41.32% | -82.98% |
| Current Drawdown | -0.87% | -2.00% |
Correlation
The correlation between BSMIX and QQQ is 0.72, 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
BSMIX vs. QQQ - Performance Comparison
In the year-to-date period, BSMIX achieves a 12.84% return, which is significantly lower than QQQ's 20.71% 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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BSMIX vs. QQQ - Expense Ratio Comparison
BSMIX has a 0.12% 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
BSMIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) 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
BSMIX vs. QQQ - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 1.25%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 1.25% | 1.37% | 1.74% | 1.10% | 1.21% | 1.53% | 1.54% | 1.32% | 1.31% | 0.61% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
BSMIX vs. QQQ - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BSMIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BSMIX vs. QQQ - Volatility Comparison
The current volatility for iShares Russell Small/Mid-Cap Index Fund (BSMIX) is 3.84%, while Invesco QQQ (QQQ) has a volatility of 4.50%. This indicates that BSMIX 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.