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:
0.77
QQQM:
1.59
ERIE:
1.27
QQQM:
2.14
ERIE:
1.16
QQQM:
1.28
ERIE:
0.75
QQQM:
2.14
ERIE:
1.70
QQQM:
7.47
ERIE:
12.53%
QQQM:
3.88%
ERIE:
27.77%
QQQM:
18.20%
ERIE:
-50.74%
QQQM:
-35.05%
ERIE:
-25.13%
QQQM:
-2.90%
Returns By Period
In the year-to-date period, ERIE achieves a -1.28% return, which is significantly lower than QQQM's 2.06% return.
ERIE
-1.28%
-2.29%
6.15%
20.76%
21.90%
19.25%
QQQM
2.06%
1.15%
10.15%
27.10%
N/A
N/A
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Risk-Adjusted Performance
ERIE vs. QQQM — Risk-Adjusted Performance Rank
ERIE
QQQM
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 1.28%, more than QQQM's 0.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.28% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 3.15% | 2.57% | 1.95% | 3.61% | 2.80% |
QQQM Invesco NASDAQ 100 ETF | 0.59% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 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 8.25% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.43%. 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.