ITEQ vs. QQQ
Compare and contrast key facts about BlueStar Israel Technology ETF (ITEQ) and Invesco QQQ (QQQ).
ITEQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEQ is a passively managed fund by ETFMG that tracks the performance of the BlueStar Israel Global Technology Index. It was launched on Nov 2, 2015. 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 ITEQ 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: ITEQ or QQQ.
Key characteristics
| ITEQ | QQQ | |
|---|---|---|
| YTD Return | 9.75% | 26.09% |
| 1Y Return | 32.45% | 39.88% |
| 3Y Return (Ann) | -10.77% | 9.90% |
| 5Y Return (Ann) | 3.97% | 21.46% |
| Sharpe Ratio | 1.56 | 2.22 |
| Sortino Ratio | 2.11 | 2.92 |
| Omega Ratio | 1.27 | 1.40 |
| Calmar Ratio | 0.59 | 2.86 |
| Martin Ratio | 5.61 | 10.44 |
| Ulcer Index | 5.44% | 3.72% |
| Daily Std Dev | 19.52% | 17.47% |
| Max Drawdown | -54.59% | -82.98% |
| Current Drawdown | -35.93% | 0.00% |
Correlation
The correlation between ITEQ and QQQ is 0.75, 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
ITEQ vs. QQQ - Performance Comparison
In the year-to-date period, ITEQ achieves a 9.75% return, which is significantly lower than QQQ's 26.09% 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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ITEQ vs. QQQ - Expense Ratio Comparison
ITEQ has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ITEQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlueStar Israel Technology ETF (ITEQ) 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
ITEQ vs. QQQ - Dividend Comparison
ITEQ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITEQ BlueStar Israel Technology ETF | 0.00% | 0.00% | 0.00% | 0.08% | 0.57% | 0.02% | 0.29% | 0.54% | 0.37% | 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
ITEQ vs. QQQ - Drawdown Comparison
The maximum ITEQ drawdown since its inception was -54.59%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ITEQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
ITEQ vs. QQQ - Volatility Comparison
BlueStar Israel Technology ETF (ITEQ) and Invesco QQQ (QQQ) have volatilities of 5.08% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.