Correlation
The correlation between GGME and BITQ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
GGME vs. BITQ
Compare and contrast key facts about Invesco Next Gen Media and Gaming ETF (GGME) and Bitwise Crypto Industry Innovators ETF (BITQ).
GGME and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGME is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Media Index - Benchmark TR Gross. It was launched on Jun 23, 2005. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both GGME and BITQ 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: GGME or BITQ.
Performance
GGME vs. BITQ - Performance Comparison
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Key characteristics
GGME:
0.83
BITQ:
0.51
GGME:
1.32
BITQ:
1.12
GGME:
1.18
BITQ:
1.13
GGME:
0.91
BITQ:
0.45
GGME:
3.25
BITQ:
1.29
GGME:
6.92%
BITQ:
23.37%
GGME:
27.27%
BITQ:
66.96%
GGME:
-69.13%
BITQ:
-90.32%
GGME:
-3.81%
BITQ:
-50.40%
Returns By Period
In the year-to-date period, GGME achieves a 7.99% return, which is significantly higher than BITQ's -4.80% return.
GGME
7.99%
8.40%
7.57%
22.39%
13.74%
13.51%
7.99%
BITQ
-4.80%
17.20%
-22.81%
33.80%
23.10%
N/A
N/A
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GGME vs. BITQ - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
GGME vs. BITQ — Risk-Adjusted Performance Rank
GGME
BITQ
GGME vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
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Dividends
GGME vs. BITQ - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.12%, less than BITQ's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.12% | 0.08% | 2.31% | 0.76% | 0.39% | 0.30% | 0.42% | 0.93% | 0.33% | 0.16% | 1.12% | 0.50% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.95% | 0.90% | 1.51% | 0.00% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GGME vs. BITQ - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for GGME and BITQ.
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Volatility
GGME vs. BITQ - Volatility Comparison
The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 4.41%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.89%. This indicates that GGME experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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