EVX vs. QQQ
Compare and contrast key facts about VanEck Vectors Environmental Services ETF (EVX) and Invesco QQQ (QQQ).
EVX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006. 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 EVX 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: EVX or QQQ.
Performance
EVX vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with EVX having a 23.10% return and QQQ slightly higher at 23.84%. Over the past 10 years, EVX has underperformed QQQ with an annualized return of 13.76%, while QQQ has yielded a comparatively higher 18.03% annualized return.
EVX
23.10%
2.03%
13.74%
31.48%
13.23%
13.76%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| EVX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.25 | 1.78 |
| Sortino Ratio | 3.03 | 2.37 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 2.38 | 2.28 |
| Martin Ratio | 15.41 | 8.27 |
| Ulcer Index | 2.07% | 3.73% |
| Daily Std Dev | 14.19% | 17.37% |
| Max Drawdown | -55.91% | -82.98% |
| Current Drawdown | -2.02% | -1.78% |
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EVX vs. QQQ - Expense Ratio Comparison
EVX has a 0.55% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between EVX and QQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EVX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) 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
EVX vs. QQQ - Dividend Comparison
EVX's dividend yield for the trailing twelve months is around 0.77%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.77% | 0.95% | 0.41% | 0.24% | 0.33% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% | 1.15% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
EVX vs. QQQ - Drawdown Comparison
The maximum EVX drawdown since its inception was -55.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EVX and QQQ. For additional features, visit the drawdowns tool.
Volatility
EVX vs. QQQ - Volatility Comparison
The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 5.12%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that EVX 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.