EUM vs. QQQ
Compare and contrast key facts about ProShares Short MSCI Emerging Markets (EUM) and Invesco QQQ (QQQ).
EUM and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUM is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-100%). It was launched on Nov 1, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EUM and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUM or QQQ.
Key characteristics
| EUM | QQQ | |
|---|---|---|
| YTD Return | 0.84% | 3.78% |
| 1Y Return | -2.99% | 37.01% |
| 3Y Return (Ann) | 7.59% | 8.20% |
| 5Y Return (Ann) | -3.65% | 18.19% |
| 10Y Return (Ann) | -5.37% | 18.25% |
| Sharpe Ratio | -0.24 | 2.33 |
| Daily Std Dev | 14.71% | 16.27% |
| Max Drawdown | -90.95% | -82.98% |
| Current Drawdown | -88.19% | -4.91% |
Correlation
The correlation between EUM and QQQ is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EUM vs. QQQ - Performance Comparison
In the year-to-date period, EUM achieves a 0.84% return, which is significantly lower than QQQ's 3.78% return. Over the past 10 years, EUM has underperformed QQQ with an annualized return of -5.37%, while QQQ has yielded a comparatively higher 18.25% annualized 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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EUM vs. QQQ - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
EUM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) and Invesco QQQ (QQQ). 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
EUM vs. QQQ - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 4.30%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 4.30% | 3.86% | 0.46% | 0.00% | 0.15% | 1.35% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
EUM vs. QQQ - Drawdown Comparison
The maximum EUM drawdown since its inception was -90.95%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EUM and QQQ. For additional features, visit the drawdowns tool.
Volatility
EUM vs. QQQ - Volatility Comparison
The current volatility for ProShares Short MSCI Emerging Markets (EUM) is 3.88%, while Invesco QQQ (QQQ) has a volatility of 4.84%. This indicates that EUM experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.