DDIV vs. QQQ
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Invesco QQQ (QQQ).
DDIV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 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 DDIV 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: DDIV or QQQ.
Performance
DDIV vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, DDIV achieves a 36.30% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, DDIV has underperformed QQQ with an annualized return of 9.96%, while QQQ has yielded a comparatively higher 18.03% annualized return.
DDIV
36.30%
8.54%
22.89%
47.09%
12.88%
9.96%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| DDIV | QQQ | |
|---|---|---|
| Sharpe Ratio | 3.27 | 1.76 |
| Sortino Ratio | 4.43 | 2.35 |
| Omega Ratio | 1.57 | 1.32 |
| Calmar Ratio | 3.76 | 2.25 |
| Martin Ratio | 22.62 | 8.18 |
| Ulcer Index | 2.08% | 3.74% |
| Daily Std Dev | 14.40% | 17.36% |
| Max Drawdown | -47.55% | -82.98% |
| Current Drawdown | 0.00% | -1.62% |
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DDIV vs. QQQ - Expense Ratio Comparison
DDIV has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between DDIV and QQQ is 0.55, 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
DDIV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) 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
DDIV vs. QQQ - Dividend Comparison
DDIV's dividend yield for the trailing twelve months is around 2.20%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 2.20% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% | 2.35% | 2.45% | 2.61% | 2.15% | 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
DDIV vs. QQQ - Drawdown Comparison
The maximum DDIV drawdown since its inception was -47.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DDIV and QQQ. For additional features, visit the drawdowns tool.
Volatility
DDIV vs. QQQ - Volatility Comparison
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Invesco QQQ (QQQ) have volatilities of 5.58% and 5.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.