CTEX vs. QQQM

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares S&P Kensho Cleantech ETF (CTEX) and Invesco NASDAQ 100 ETF (QQQM).

CTEX and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Cleantech Index. It was launched on Sep 29, 2021. 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 CTEX 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.

Performance

CTEX vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Kensho Cleantech ETF (CTEX) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

CTEX vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CTEX ProShares S&P Kensho Cleantech ETF	-1.03%	67.74%	-20.38%	-10.25%	-20.38%	-6.68%
QQQM Invesco NASDAQ 100 ETF	-4.75%	20.85%	25.68%	55.01%	-32.52%	11.28%

Returns By Period

In the year-to-date period, CTEX achieves a -1.03% return, which is significantly higher than QQQM's -4.75% return.

CTEX

• 1D: 1.50%
• 1M: -4.96%
• YTD: -1.03%
• 6M: 9.25%
• 1Y: 101.54%
• 3Y*: 2.06%
• 5Y*: —
• 10Y*: —

QQQM

• 1D: 1.24%
• 1M: -3.78%
• YTD: -4.75%
• 6M: -2.87%
• 1Y: 24.28%
• 3Y*: 22.91%
• 5Y*: 13.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTEX vs. QQQM - Expense Ratio Comparison

CTEX has a 0.58% expense ratio, which is higher than QQQM's 0.15% expense ratio.

CTEX

ProShares S&P Kensho Cleantech ETF

QQQM

Invesco NASDAQ 100 ETF

Return for Risk

CTEX vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTEX

CTEX Risk / Return Rank: 92
CTEX Sharpe Ratio Rank: 94
CTEX Sortino Ratio Rank: 91
CTEX Omega Ratio Rank: 84
CTEX Calmar Ratio Rank: 96
CTEX Martin Ratio Rank: 92

QQQM

QQQM Risk / Return Rank: 66
QQQM Sharpe Ratio Rank: 59
QQQM Sortino Ratio Rank: 63
QQQM Omega Ratio Rank: 63
QQQM Calmar Ratio Rank: 75
QQQM Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTEX vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) 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.

	CTEX	QQQM	Difference
Sharpe ratio Return per unit of total volatility	2.34	1.09	+1.25
Sortino ratio Return per unit of downside risk	2.74	1.68	+1.07
Omega ratio Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio Return relative to maximum drawdown	4.83	2.02	+2.82
Martin ratio Return relative to average drawdown	13.76	7.35	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTEX vs. QQQM - Sharpe Ratio Comparison

The current CTEX Sharpe Ratio is 2.34, which is higher than the QQQM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of CTEX and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CTEX	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	1.09	+1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.64	-0.70

Correlation

The correlation between CTEX and QQQM is 0.59, 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.

Dividends

CTEX vs. QQQM - Dividend Comparison

CTEX's dividend yield for the trailing twelve months is around 2.11%, more than QQQM's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020
CTEX ProShares S&P Kensho Cleantech ETF	2.11%	2.17%	0.57%	0.12%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Drawdowns

CTEX vs. QQQM - Drawdown Comparison

The maximum CTEX drawdown since its inception was -70.31%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for CTEX and QQQM.

Drawdown Indicators

	CTEX	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-70.31%	-35.04%	-35.27%
Max Drawdown (1Y) Largest decline over 1 year	-21.62%	-12.55%	-9.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-30.09%	-7.86%	-22.23%
Average Drawdown Average peak-to-trough decline	-42.86%	-8.47%	-34.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	3.44%	+4.15%

Volatility

CTEX vs. QQQM - Volatility Comparison

ProShares S&P Kensho Cleantech ETF (CTEX) has a higher volatility of 12.29% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.58%. This indicates that CTEX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEX	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.29%	6.58%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	33.73%	12.79%	+20.94%
Volatility (1Y) Calculated over the trailing 1-year period	43.72%	22.45%	+21.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.16%	22.24%	+20.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.16%	22.26%	+20.90%