GTR vs. QQQ
Compare and contrast key facts about WisdomTree Target Range Fund (GTR) and Invesco QQQ (QQQ).
GTR and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTR is an actively managed fund by WisdomTree. It was launched on Oct 5, 2021. 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: GTR or QQQ.
Correlation
The correlation between GTR and QQQ is 0.81, 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.
Performance
GTR vs. QQQ - Performance Comparison
Key characteristics
GTR:
0.96
QQQ:
1.40
GTR:
1.32
QQQ:
1.90
GTR:
1.19
QQQ:
1.25
GTR:
0.99
QQQ:
1.88
GTR:
5.01
QQQ:
6.51
GTR:
2.03%
QQQ:
3.92%
GTR:
10.60%
QQQ:
18.23%
GTR:
-21.44%
QQQ:
-82.98%
GTR:
-3.09%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, GTR achieves a 2.03% return, which is significantly lower than QQQ's 5.09% return.
GTR
2.03%
0.44%
1.81%
9.15%
N/A
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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GTR vs. QQQ - Expense Ratio Comparison
GTR has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GTR vs. QQQ — Risk-Adjusted Performance Rank
GTR
QQQ
GTR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Target Range Fund (GTR) 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
GTR vs. QQQ - Dividend Comparison
GTR's dividend yield for the trailing twelve months is around 5.19%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTR WisdomTree Target Range Fund | 5.19% | 5.29% | 2.85% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GTR vs. QQQ - Drawdown Comparison
The maximum GTR drawdown since its inception was -21.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GTR and QQQ. For additional features, visit the drawdowns tool.
Volatility
GTR vs. QQQ - Volatility Comparison
The current volatility for WisdomTree Target Range Fund (GTR) is 1.93%, while Invesco QQQ (QQQ) has a volatility of 4.54%. This indicates that GTR 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.