CZA vs. VFQY
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and Vanguard U.S. Quality Factor ETF (VFQY).
CZA and VFQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. VFQY is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.
Performance
CZA vs. VFQY - Performance Comparison
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CZA vs. VFQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 0.36% | 8.31% | 12.14% | 7.00% | -5.91% | 27.42% | 0.35% | 32.27% | -8.85% |
VFQY Vanguard U.S. Quality Factor ETF | -1.89% | 10.24% | 12.93% | 22.48% | -15.74% | 27.96% | 16.97% | 25.75% | -7.85% |
Returns By Period
In the year-to-date period, CZA achieves a 0.36% return, which is significantly higher than VFQY's -1.89% return.
CZA
- 1D
- 0.96%
- 1M
- -6.03%
- YTD
- 0.36%
- 6M
- 2.80%
- 1Y
- 8.65%
- 3Y*
- 9.92%
- 5Y*
- 6.98%
- 10Y*
- 10.03%
VFQY
- 1D
- 0.55%
- 1M
- -4.66%
- YTD
- -1.89%
- 6M
- -0.10%
- 1Y
- 13.14%
- 3Y*
- 12.99%
- 5Y*
- 7.20%
- 10Y*
- —
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CZA vs. VFQY - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is higher than VFQY's 0.13% expense ratio.
Return for Risk
CZA vs. VFQY — Risk / Return Rank
CZA
VFQY
CZA vs. VFQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) and Vanguard U.S. Quality Factor ETF (VFQY). 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.
| CZA | VFQY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.68 | -0.19 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.09 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.15 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.06 | -0.41 |
Martin ratioReturn relative to average drawdown | 2.74 | 4.37 | -1.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZA | VFQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.68 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.39 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.48 | -0.02 |
Correlation
The correlation between CZA and VFQY is 0.89, 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.
Dividends
CZA vs. VFQY - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.55%, more than VFQY's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 1.55% | 1.56% | 1.27% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.27% | 1.10% | 1.87% | 1.37% |
VFQY Vanguard U.S. Quality Factor ETF | 1.20% | 1.17% | 1.34% | 1.38% | 1.43% | 0.98% | 1.22% | 1.34% | 1.31% | 0.00% | 0.00% | 0.00% |
Drawdowns
CZA vs. VFQY - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, which is greater than VFQY's maximum drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for CZA and VFQY.
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Drawdown Indicators
| CZA | VFQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -37.41% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -12.84% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -25.93% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -46.18% | — | — |
Current DrawdownCurrent decline from peak | -6.03% | -6.40% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -6.80% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.12% | +0.05% |
Volatility
CZA vs. VFQY - Volatility Comparison
Invesco Zacks Mid-Cap ETF (CZA) has a higher volatility of 5.16% compared to Vanguard U.S. Quality Factor ETF (VFQY) at 4.69%. This indicates that CZA's price experiences larger fluctuations and is considered to be riskier than VFQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZA | VFQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.69% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 10.36% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 19.54% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 18.39% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 21.02% | -1.76% |