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 0.29, 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:
0.16
QQQM:
0.39
ERIE:
0.42
QQQM:
0.64
ERIE:
1.06
QQQM:
1.08
ERIE:
0.15
QQQM:
0.57
ERIE:
0.29
QQQM:
1.50
ERIE:
16.45%
QQQM:
5.13%
ERIE:
28.69%
QQQM:
19.53%
ERIE:
-50.74%
QQQM:
-35.05%
ERIE:
-23.29%
QQQM:
-11.61%
Returns By Period
In the year-to-date period, ERIE achieves a 1.15% return, which is significantly higher than QQQM's -6.72% return.
ERIE
1.15%
-7.59%
-22.81%
4.94%
22.85%
19.75%
QQQM
-6.72%
-4.12%
-0.89%
8.66%
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 1.25%, more than QQQM's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.25% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% | 2.80% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 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) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 7.88% and 7.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.