IVNQX vs. SCHD
Compare and contrast key facts about Invesco Nasdaq 100 Index Fund (IVNQX) and Schwab US Dividend Equity ETF (SCHD).
IVNQX is managed by Invesco. It was launched on Oct 13, 2020. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVNQX or SCHD.
Key characteristics
| IVNQX | SCHD | |
|---|---|---|
| YTD Return | 24.65% | 16.94% |
| 1Y Return | 32.73% | 26.08% |
| 3Y Return (Ann) | 9.69% | 6.78% |
| Sharpe Ratio | 1.88 | 2.44 |
| Sortino Ratio | 2.52 | 3.51 |
| Omega Ratio | 1.34 | 1.43 |
| Calmar Ratio | 2.42 | 3.30 |
| Martin Ratio | 8.78 | 13.27 |
| Ulcer Index | 3.74% | 2.04% |
| Daily Std Dev | 17.41% | 11.07% |
| Max Drawdown | -34.83% | -33.37% |
| Current Drawdown | -1.03% | -0.96% |
Correlation
The correlation between IVNQX and SCHD is 0.56, 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
IVNQX vs. SCHD - Performance Comparison
In the year-to-date period, IVNQX achieves a 24.65% return, which is significantly higher than SCHD's 16.94% 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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IVNQX vs. SCHD - Expense Ratio Comparison
IVNQX has a 0.29% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
IVNQX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Schwab US Dividend Equity ETF (SCHD). 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
IVNQX vs. SCHD - Dividend Comparison
IVNQX's dividend yield for the trailing twelve months is around 0.53%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 0.53% | 0.54% | 0.73% | 0.39% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
IVNQX vs. SCHD - Drawdown Comparison
The maximum IVNQX drawdown since its inception was -34.83%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IVNQX and SCHD. For additional features, visit the drawdowns tool.
Volatility
IVNQX vs. SCHD - Volatility Comparison
Invesco Nasdaq 100 Index Fund (IVNQX) has a higher volatility of 4.97% compared to Schwab US Dividend Equity ETF (SCHD) at 3.44%. This indicates that IVNQX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.