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.
Key characteristics
| ERIE | QQQM | |
|---|---|---|
| YTD Return | 29.44% | 24.08% |
| 1Y Return | 53.81% | 36.70% |
| 3Y Return (Ann) | 26.41% | 9.08% |
| Sharpe Ratio | 2.00 | 2.19 |
| Sortino Ratio | 2.79 | 2.88 |
| Omega Ratio | 1.38 | 1.39 |
| Calmar Ratio | 2.11 | 2.80 |
| Martin Ratio | 7.64 | 10.24 |
| Ulcer Index | 7.16% | 3.71% |
| Daily Std Dev | 27.33% | 17.38% |
| Max Drawdown | -50.74% | -35.05% |
| Current Drawdown | -21.26% | 0.00% |
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
In the year-to-date period, ERIE achieves a 29.44% return, which is significantly higher than QQQM's 24.08% 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
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 1.19%, more than QQQM's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.19% | 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 | 0.65% | 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 12.04% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.00%. 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.