KROP vs. QQQ
Compare and contrast key facts about Global X AgTech & Food Innovation ETF (KROP) and Invesco QQQ (QQQ).
KROP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KROP is a passively managed fund by Global X that tracks the performance of the Solactive AgTech & Food Innovation Index. It was launched on Jul 12, 2021. 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 KROP 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: KROP or QQQ.
Key characteristics
| KROP | QQQ | |
|---|---|---|
| YTD Return | 0.19% | 2.41% |
| 1Y Return | -22.25% | 33.17% |
| Sharpe Ratio | -1.12 | 2.04 |
| Daily Std Dev | 20.13% | 16.36% |
| Max Drawdown | -59.75% | -82.98% |
| Current Drawdown | -55.46% | -6.17% |
Correlation
The correlation between KROP and QQQ is 0.57, 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
KROP vs. QQQ - Performance Comparison
In the year-to-date period, KROP achieves a 0.19% return, which is significantly lower than QQQ's 2.41% 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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KROP vs. QQQ - Expense Ratio Comparison
KROP has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
KROP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation ETF (KROP) 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
KROP vs. QQQ - Dividend Comparison
KROP's dividend yield for the trailing twelve months is around 1.36%, more than QQQ's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KROP Global X AgTech & Food Innovation ETF | 1.36% | 1.36% | 0.71% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
KROP vs. QQQ - Drawdown Comparison
The maximum KROP drawdown since its inception was -59.75%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for KROP and QQQ. For additional features, visit the drawdowns tool.
Volatility
KROP vs. QQQ - Volatility Comparison
Global X AgTech & Food Innovation ETF (KROP) and Invesco QQQ (QQQ) have volatilities of 4.33% and 4.48%, 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.