LRGE vs. QQQ
Compare and contrast key facts about ClearBridge Large Cap Growth ESG ETF (LRGE) and Invesco QQQ (QQQ).
LRGE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRGE is an actively managed fund by Franklin Templeton. It was launched on May 22, 2017. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LRGE or QQQ.
Correlation
The correlation between LRGE and QQQ 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
LRGE vs. QQQ - Performance Comparison
Key characteristics
LRGE:
0.48
QQQ:
0.47
LRGE:
0.80
QQQ:
0.81
LRGE:
1.11
QQQ:
1.11
LRGE:
0.48
QQQ:
0.51
LRGE:
1.73
QQQ:
1.67
LRGE:
5.66%
QQQ:
6.93%
LRGE:
20.66%
QQQ:
25.14%
LRGE:
-37.03%
QQQ:
-82.98%
LRGE:
-8.37%
QQQ:
-9.36%
Returns By Period
The year-to-date returns for both stocks are quite close, with LRGE having a -4.20% return and QQQ slightly lower at -4.34%.
LRGE
-4.20%
14.90%
-5.79%
9.83%
14.92%
N/A
QQQ
-4.34%
17.36%
-4.62%
11.64%
17.57%
17.21%
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LRGE vs. QQQ - Expense Ratio Comparison
LRGE has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
LRGE vs. QQQ — Risk-Adjusted Performance Rank
LRGE
QQQ
LRGE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Large Cap Growth ESG ETF (LRGE) 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
LRGE vs. QQQ - Dividend Comparison
LRGE's dividend yield for the trailing twelve months is around 0.18%, less than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRGE ClearBridge Large Cap Growth ESG ETF | 0.18% | 0.18% | 0.11% | 2.02% | 1.20% | 0.37% | 0.37% | 2.14% | 0.37% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
LRGE vs. QQQ - Drawdown Comparison
The maximum LRGE drawdown since its inception was -37.03%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LRGE and QQQ. For additional features, visit the drawdowns tool.
Volatility
LRGE vs. QQQ - Volatility Comparison
The current volatility for ClearBridge Large Cap Growth ESG ETF (LRGE) is 11.07%, while Invesco QQQ (QQQ) has a volatility of 13.83%. This indicates that LRGE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.