ERIE vs. QQQM
Compare and contrast key facts about Erie Indemnity Company (ERIE) and Invesco NASDAQ 100 ETF (QQQM).
QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-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: ERIE or QQQM.
Correlation
The correlation between ERIE and QQQM is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ERIE vs. QQQM - Performance Comparison
Key characteristics
ERIE:
1.07
QQQM:
1.65
ERIE:
1.65
QQQM:
2.20
ERIE:
1.22
QQQM:
1.30
ERIE:
1.12
QQQM:
2.17
ERIE:
2.72
QQQM:
7.84
ERIE:
10.73%
QQQM:
3.76%
ERIE:
27.39%
QQQM:
17.81%
ERIE:
-50.74%
QQQM:
-35.05%
ERIE:
-23.38%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, ERIE achieves a 25.96% return, which is significantly lower than QQQM's 27.34% return.
ERIE
25.96%
-0.71%
16.68%
27.98%
22.24%
19.37%
QQQM
27.34%
3.10%
8.44%
27.94%
N/A
N/A
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Risk-Adjusted Performance
ERIE vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Erie Indemnity Company (ERIE) 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
ERIE vs. QQQM - Dividend Comparison
ERIE's dividend yield for the trailing twelve months is around 1.22%, more than QQQM's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.22% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% | 2.80% | 2.43% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ERIE vs. QQQM - Drawdown Comparison
The maximum ERIE drawdown since its inception was -50.74%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for ERIE and QQQM. For additional features, visit the drawdowns tool.
Volatility
ERIE vs. QQQM - Volatility Comparison
Erie Indemnity Company (ERIE) has a higher volatility of 8.20% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.28%. This indicates that ERIE's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.