DOW vs. QQQJ
Compare and contrast key facts about Dow Inc. (DOW) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOW or QQQJ.
Key characteristics
| DOW | QQQJ | |
|---|---|---|
| YTD Return | 5.32% | 1.95% |
| 1Y Return | 12.73% | 13.72% |
| 3Y Return (Ann) | -0.04% | -4.16% |
| Sharpe Ratio | 0.68 | 0.83 |
| Daily Std Dev | 19.96% | 15.16% |
| Max Drawdown | -60.87% | -39.58% |
| Current Drawdown | -10.46% | -22.41% |
Correlation
The correlation between DOW and QQQJ is 0.45, 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.
Performance
DOW vs. QQQJ - Performance Comparison
In the year-to-date period, DOW achieves a 5.32% return, which is significantly higher than QQQJ's 1.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DOW vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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
DOW vs. QQQJ - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 4.91%, more than QQQJ's 0.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.91% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.73% | 0.67% | 0.76% | 0.91% | 0.09% | 0.00% |
Drawdowns
DOW vs. QQQJ - Drawdown Comparison
The maximum DOW drawdown since its inception was -60.87%, which is greater than QQQJ's maximum drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for DOW and QQQJ. For additional features, visit the drawdowns tool.
Volatility
DOW vs. QQQJ - Volatility Comparison
The current volatility for Dow Inc. (DOW) is 3.85%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 4.82%. This indicates that DOW experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.