QQQ vs. INPIX
Compare and contrast key facts about Invesco QQQ (QQQ) and ProFunds Internet UltraSector Fund (INPIX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. INPIX is managed by ProFunds. It was launched on Jun 18, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or INPIX.
Key characteristics
| QQQ | INPIX | |
|---|---|---|
| YTD Return | 10.46% | 13.53% |
| 1Y Return | 34.84% | 50.90% |
| 3Y Return (Ann) | 12.65% | -10.34% |
| 5Y Return (Ann) | 20.64% | 4.28% |
| 10Y Return (Ann) | 18.79% | 18.15% |
| Sharpe Ratio | 2.30 | 1.87 |
| Daily Std Dev | 16.24% | 30.15% |
| Max Drawdown | -82.98% | -96.74% |
| Current Drawdown | -0.25% | -42.66% |
Correlation
The correlation between QQQ and INPIX is 0.86, 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
QQQ vs. INPIX - Performance Comparison
In the year-to-date period, QQQ achieves a 10.46% return, which is significantly lower than INPIX's 13.53% return. Both investments have delivered pretty close results over the past 10 years, with QQQ having a 18.79% annualized return and INPIX not far behind at 18.15%. 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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QQQ vs. INPIX - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than INPIX's 1.48% expense ratio.
Risk-Adjusted Performance
QQQ vs. INPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and ProFunds Internet UltraSector Fund (INPIX). 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
QQQ vs. INPIX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.58%, while INPIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
INPIX ProFunds Internet UltraSector Fund | 0.00% | 0.00% | 0.00% | 17.19% | 21.43% | 0.13% | 0.00% | 9.34% | 0.18% | 6.69% | 0.85% | 6.07% |
Drawdowns
QQQ vs. INPIX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, smaller than the maximum INPIX drawdown of -96.74%. Use the drawdown chart below to compare losses from any high point for QQQ and INPIX. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. INPIX - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 4.84%, while ProFunds Internet UltraSector Fund (INPIX) has a volatility of 8.29%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than INPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.