LSAT vs. QQQ
Compare and contrast key facts about Leadershares Alphafactor Tactical Focused ETF (LSAT) and Invesco QQQ (QQQ).
LSAT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LSAT is an actively managed fund by Redwood Investment Management. It was launched on Oct 27, 2020. 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: LSAT or QQQ.
Key characteristics
| LSAT | QQQ | |
|---|---|---|
| YTD Return | 22.77% | 25.63% |
| 1Y Return | 30.20% | 33.85% |
| 3Y Return (Ann) | 7.05% | 9.83% |
| Sharpe Ratio | 2.60 | 2.12 |
| Sortino Ratio | 3.65 | 2.79 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 3.53 | 2.71 |
| Martin Ratio | 15.74 | 9.88 |
| Ulcer Index | 2.14% | 3.72% |
| Daily Std Dev | 12.98% | 17.31% |
| Max Drawdown | -20.48% | -82.98% |
| Current Drawdown | -0.76% | -0.37% |
Correlation
The correlation between LSAT and QQQ is 0.52, 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
LSAT vs. QQQ - Performance Comparison
In the year-to-date period, LSAT achieves a 22.77% return, which is significantly lower than QQQ's 25.63% 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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LSAT vs. QQQ - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
LSAT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) 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
LSAT vs. QQQ - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.51%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.51% | 1.85% | 0.36% | 3.44% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 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
LSAT vs. QQQ - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LSAT and QQQ. For additional features, visit the drawdowns tool.
Volatility
LSAT vs. QQQ - Volatility Comparison
The current volatility for Leadershares Alphafactor Tactical Focused ETF (LSAT) is 3.94%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that LSAT 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.