LIZIX vs. QQQM
Compare and contrast key facts about BlackRock LifePath Index 2060 Fund (LIZIX) and Invesco NASDAQ 100 ETF (QQQM).
LIZIX is managed by Blackrock. It was launched on Feb 28, 2016. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIZIX or QQQM.
Key characteristics
| LIZIX | QQQM | |
|---|---|---|
| YTD Return | 19.30% | 26.13% |
| 1Y Return | 31.02% | 36.89% |
| 3Y Return (Ann) | 5.69% | 10.06% |
| Sharpe Ratio | 2.78 | 2.29 |
| Sortino Ratio | 3.79 | 3.00 |
| Omega Ratio | 1.51 | 1.41 |
| Calmar Ratio | 3.17 | 2.94 |
| Martin Ratio | 18.37 | 10.75 |
| Ulcer Index | 1.77% | 3.71% |
| Daily Std Dev | 11.70% | 17.31% |
| Max Drawdown | -34.39% | -35.05% |
| Current Drawdown | -0.22% | -0.06% |
Correlation
The correlation between LIZIX and QQQM 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
LIZIX vs. QQQM - Performance Comparison
In the year-to-date period, LIZIX achieves a 19.30% return, which is significantly lower than QQQM's 26.13% 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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LIZIX vs. QQQM - Expense Ratio Comparison
LIZIX has a 0.10% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LIZIX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2060 Fund (LIZIX) and Invesco NASDAQ 100 ETF (QQQM). 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
LIZIX vs. QQQM - Dividend Comparison
LIZIX's dividend yield for the trailing twelve months is around 0.73%, more than QQQM's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
LIZIX BlackRock LifePath Index 2060 Fund | 0.73% | 2.02% | 1.82% | 1.96% | 1.53% | 2.49% | 2.22% | 2.05% | 1.58% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LIZIX vs. QQQM - Drawdown Comparison
The maximum LIZIX drawdown since its inception was -34.39%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for LIZIX and QQQM. For additional features, visit the drawdowns tool.
Volatility
LIZIX vs. QQQM - Volatility Comparison
The current volatility for BlackRock LifePath Index 2060 Fund (LIZIX) is 3.11%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.16%. This indicates that LIZIX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.