GLRY vs. QQQ
Compare and contrast key facts about Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) and Invesco QQQ (QQQ).
GLRY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLRY is an actively managed fund by Inspire. It was launched on Dec 7, 2020. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLRY or QQQ.
Key characteristics
| GLRY | QQQ | |
|---|---|---|
| YTD Return | 21.30% | 25.63% |
| 1Y Return | 27.60% | 33.85% |
| 3Y Return (Ann) | 2.34% | 9.83% |
| Sharpe Ratio | 2.13 | 2.12 |
| Sortino Ratio | 2.89 | 2.79 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 1.22 | 2.71 |
| Martin Ratio | 12.69 | 9.88 |
| Ulcer Index | 2.44% | 3.72% |
| Daily Std Dev | 14.54% | 17.31% |
| Max Drawdown | -40.60% | -82.98% |
| Current Drawdown | -3.32% | -0.37% |
Correlation
The correlation between GLRY and QQQ is 0.67, 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.
Performance
GLRY vs. QQQ - Performance Comparison
In the year-to-date period, GLRY achieves a 21.30% return, which is significantly lower than QQQ's 25.63% 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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GLRY vs. QQQ - Expense Ratio Comparison
GLRY has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GLRY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) 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
GLRY vs. QQQ - Dividend Comparison
GLRY's dividend yield for the trailing twelve months is around 0.78%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRY Inspire Faithward Mid Cap Momentum ESG ETF | 0.78% | 1.07% | 1.03% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GLRY vs. QQQ - Drawdown Comparison
The maximum GLRY drawdown since its inception was -40.60%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GLRY and QQQ. For additional features, visit the drawdowns tool.
Volatility
GLRY vs. QQQ - Volatility Comparison
Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) has a higher volatility of 5.41% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that GLRY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.