INCO vs. QQQ
Compare and contrast key facts about Columbia India Consumer ETF (INCO) and Invesco QQQ (QQQ).
INCO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. 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 INCO 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: INCO or QQQ.
Performance
INCO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, INCO achieves a 12.74% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, INCO has underperformed QQQ with an annualized return of 9.60%, while QQQ has yielded a comparatively higher 17.95% annualized return.
INCO
12.74%
-10.15%
-0.35%
23.67%
14.01%
9.60%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| INCO | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.70 |
| Sortino Ratio | 2.57 | 2.29 |
| Omega Ratio | 1.31 | 1.31 |
| Calmar Ratio | 1.58 | 2.19 |
| Martin Ratio | 6.34 | 7.96 |
| Ulcer Index | 3.82% | 3.72% |
| Daily Std Dev | 13.64% | 17.39% |
| Max Drawdown | -47.69% | -82.98% |
| Current Drawdown | -15.31% | -3.42% |
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INCO vs. QQQ - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between INCO and QQQ is 0.40, 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
INCO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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
INCO vs. QQQ - Dividend Comparison
INCO's dividend yield for the trailing twelve months is around 3.38%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 3.38% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
INCO vs. QQQ - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for INCO and QQQ. For additional features, visit the drawdowns tool.
Volatility
INCO vs. QQQ - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 2.90%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that INCO 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.