CAFG vs. QQQ
Compare and contrast key facts about Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) and Invesco QQQ (QQQ).
CAFG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAFG is a passively managed fund by Pacer that tracks the performance of the Pacer US Small Cap Cash Cows Growth Leaders Index - Benchmark TR Gross. It was launched on May 1, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CAFG and QQQ 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: CAFG or QQQ.
Key characteristics
| CAFG | QQQ | |
|---|---|---|
| YTD Return | 2.35% | 16.41% |
| 1Y Return | 13.51% | 26.86% |
| Sharpe Ratio | 0.76 | 1.57 |
| Daily Std Dev | 19.67% | 17.78% |
| Max Drawdown | -16.63% | -82.98% |
| Current Drawdown | -4.14% | -5.49% |
Correlation
The correlation between CAFG and QQQ is 0.60, 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
CAFG vs. QQQ - Performance Comparison
In the year-to-date period, CAFG achieves a 2.35% return, which is significantly lower than QQQ's 16.41% 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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CAFG vs. QQQ - Expense Ratio Comparison
CAFG has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CAFG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) 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
CAFG vs. QQQ - Dividend Comparison
CAFG's dividend yield for the trailing twelve months is around 0.56%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF | 0.56% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
CAFG vs. QQQ - Drawdown Comparison
The maximum CAFG drawdown since its inception was -16.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CAFG and QQQ. For additional features, visit the drawdowns tool.
Volatility
CAFG vs. QQQ - Volatility Comparison
Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) has a higher volatility of 7.21% compared to Invesco QQQ (QQQ) at 6.53%. This indicates that CAFG'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.