METV vs. QQQ
Compare and contrast key facts about Roundhill Ball Metaverse ETF (METV) and Invesco QQQ (QQQ).
METV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METV is a passively managed fund by Roundhill Investments that tracks the performance of the Ball Metaverse Index - Benchmark TR Net. It was launched on Jun 30, 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 METV 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: METV or QQQ.
Key characteristics
| METV | QQQ | |
|---|---|---|
| YTD Return | 21.46% | 25.63% |
| 1Y Return | 32.98% | 33.85% |
| 3Y Return (Ann) | -5.21% | 9.83% |
| Sharpe Ratio | 1.77 | 2.12 |
| Sortino Ratio | 2.43 | 2.79 |
| Omega Ratio | 1.30 | 1.38 |
| Calmar Ratio | 0.96 | 2.71 |
| Martin Ratio | 8.51 | 9.88 |
| Ulcer Index | 4.23% | 3.72% |
| Daily Std Dev | 20.32% | 17.31% |
| Max Drawdown | -59.64% | -82.98% |
| Current Drawdown | -17.07% | -0.37% |
Correlation
The correlation between METV and QQQ is 0.91, 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
METV vs. QQQ - Performance Comparison
In the year-to-date period, METV achieves a 21.46% 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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METV vs. QQQ - Expense Ratio Comparison
METV has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
METV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) 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
METV vs. QQQ - Dividend Comparison
METV's dividend yield for the trailing twelve months is around 0.14%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METV Roundhill Ball Metaverse ETF | 0.14% | 0.17% | 0.08% | 0.00% | 0.00% | 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
METV vs. QQQ - Drawdown Comparison
The maximum METV drawdown since its inception was -59.64%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for METV and QQQ. For additional features, visit the drawdowns tool.
Volatility
METV vs. QQQ - Volatility Comparison
Roundhill Ball Metaverse ETF (METV) has a higher volatility of 5.56% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that METV's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.