IJAN vs. QQQ
Compare and contrast key facts about Innovator International Developed Power Buffer ETF - January (IJAN) and Invesco QQQ (QQQ).
IJAN and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJAN is an actively managed fund by Innovator. It was launched on Jan 2, 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: IJAN or QQQ.
Key characteristics
| IJAN | QQQ | |
|---|---|---|
| YTD Return | 4.66% | 10.74% |
| 1Y Return | 10.21% | 39.36% |
| 3Y Return (Ann) | 6.17% | 12.27% |
| Sharpe Ratio | 0.98 | 2.43 |
| Daily Std Dev | 9.68% | 16.27% |
| Max Drawdown | -22.68% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IJAN and QQQ is 0.64, 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
IJAN vs. QQQ - Performance Comparison
In the year-to-date period, IJAN achieves a 4.66% return, which is significantly lower than QQQ's 10.74% 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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IJAN vs. QQQ - Expense Ratio Comparison
IJAN has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IJAN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - January (IJAN) 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
IJAN vs. QQQ - Dividend Comparison
IJAN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJAN Innovator International Developed Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
IJAN vs. QQQ - Drawdown Comparison
The maximum IJAN drawdown since its inception was -22.68%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IJAN and QQQ. For additional features, visit the drawdowns tool.
Volatility
IJAN vs. QQQ - Volatility Comparison
The current volatility for Innovator International Developed Power Buffer ETF - January (IJAN) is 1.90%, while Invesco QQQ (QQQ) has a volatility of 5.12%. This indicates that IJAN 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.