CETF vs. QQQ
Compare and contrast key facts about DriveWealth NYSE 100 Index ETF (CETF) and Invesco QQQ (QQQ).
CETF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CETF is a passively managed fund by DriveWealth that tracks the performance of the NYSE DriveWealth 100 Index - Benchmark TR Gross. It was launched on Apr 25, 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 CETF 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: CETF or QQQ.
Correlation
The correlation between CETF and QQQ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CETF vs. QQQ - Performance Comparison
Key characteristics
Returns By Period
CETF
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CETF vs. QQQ - Expense Ratio Comparison
CETF has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CETF vs. QQQ — Risk-Adjusted Performance Rank
CETF
QQQ
CETF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DriveWealth NYSE 100 Index ETF (CETF) 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
CETF vs. QQQ - Dividend Comparison
CETF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CETF DriveWealth NYSE 100 Index ETF | 3.33% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CETF vs. QQQ - Drawdown Comparison
Volatility
CETF vs. QQQ - Volatility Comparison
The current volatility for DriveWealth NYSE 100 Index ETF (CETF) is 0.00%, while Invesco QQQ (QQQ) has a volatility of 4.92%. This indicates that CETF 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.