DAX vs. QQQ
Compare and contrast key facts about Global X DAX Germany ETF (DAX) and Invesco QQQ (QQQ).
DAX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. 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 DAX 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: DAX or QQQ.
Performance
DAX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, DAX achieves a 8.13% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, DAX has underperformed QQQ with an annualized return of 4.25%, while QQQ has yielded a comparatively higher 18.03% annualized return.
DAX
8.13%
-4.30%
-1.01%
13.57%
6.01%
4.25%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| DAX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.04 | 1.76 |
| Sortino Ratio | 1.48 | 2.35 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 1.47 | 2.25 |
| Martin Ratio | 4.82 | 8.18 |
| Ulcer Index | 3.10% | 3.74% |
| Daily Std Dev | 14.39% | 17.36% |
| Max Drawdown | -45.58% | -82.98% |
| Current Drawdown | -6.95% | -1.62% |
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DAX vs. QQQ - Expense Ratio Comparison
Both DAX and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between DAX and QQQ is 0.58, 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.
Risk-Adjusted Performance
DAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) 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
DAX vs. QQQ - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 2.36%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 2.36% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DAX vs. QQQ - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
DAX vs. QQQ - Volatility Comparison
The current volatility for Global X DAX Germany ETF (DAX) is 4.84%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that DAX 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.