EFIV vs. QQQM
Compare and contrast key facts about SPDR S&P 500 ESG ETF (EFIV) and Invesco NASDAQ 100 ETF (QQQM).
EFIV and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFIV is a passively managed fund by State Street that tracks the performance of the S&P 500 ESG Index. It was launched on Jul 27, 2020. 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 EFIV 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFIV or QQQM.
Key characteristics
| EFIV | QQQM | |
|---|---|---|
| YTD Return | 7.25% | 5.43% |
| 1Y Return | 25.63% | 35.60% |
| 3Y Return (Ann) | 9.73% | 9.03% |
| Sharpe Ratio | 2.33 | 2.40 |
| Daily Std Dev | 12.05% | 16.36% |
| Max Drawdown | -24.52% | -35.05% |
| Current Drawdown | -2.47% | -3.40% |
Correlation
The correlation between EFIV and QQQM is 0.93, 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.
Performance
EFIV vs. QQQM - Performance Comparison
In the year-to-date period, EFIV achieves a 7.25% return, which is significantly higher than QQQM's 5.43% 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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EFIV vs. QQQM - Expense Ratio Comparison
EFIV has a 0.10% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
EFIV vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ESG ETF (EFIV) 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.
Dividends
EFIV vs. QQQM - Dividend Comparison
EFIV's dividend yield for the trailing twelve months is around 1.27%, more than QQQM's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
EFIV SPDR S&P 500 ESG ETF | 1.27% | 1.37% | 1.64% | 1.19% | 0.65% |
QQQM Invesco NASDAQ 100 ETF | 0.67% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
EFIV vs. QQQM - Drawdown Comparison
The maximum EFIV drawdown since its inception was -24.52%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for EFIV and QQQM. For additional features, visit the drawdowns tool.
Volatility
EFIV vs. QQQM - Volatility Comparison
The current volatility for SPDR S&P 500 ESG ETF (EFIV) is 3.68%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.14%. This indicates that EFIV experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.