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 | 22.25% | 8.14% |
| 1Y Return | 76.74% | 36.55% |
| 3Y Return (Ann) | 28.83% | 11.56% |
| Sharpe Ratio | 2.66 | 2.28 |
| Daily Std Dev | 29.18% | 16.25% |
| Max Drawdown | -50.74% | -35.05% |
| Current Drawdown | -2.27% | -0.92% |
Correlation
The correlation between ERIE and QQQM is 0.32, 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 22.25% return, which is significantly higher than QQQM's 8.14% 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 1.21%, more than QQQM's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.21% | 1.42% | 1.79% | 2.15% | 2.37% | 2.15% | 2.50% | 2.55% | 1.93% | 3.58% | 2.78% | 2.41% |
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
The current volatility for Erie Indemnity Company (ERIE) is 4.40%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.49%. This indicates that ERIE 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.