NDVG vs. QOWZ
Compare and contrast key facts about Nuveen Dividend Growth ETF (NDVG) and Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ).
NDVG and QOWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NDVG is an actively managed fund by Nuveen. It was launched on Aug 4, 2021. QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDVG or QOWZ.
Correlation
The correlation between NDVG and QOWZ is 0.88, 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
NDVG vs. QOWZ - Performance Comparison
Key characteristics
NDVG:
0.72
QOWZ:
0.69
NDVG:
1.16
QOWZ:
1.10
NDVG:
1.17
QOWZ:
1.15
NDVG:
0.82
QOWZ:
0.78
NDVG:
3.43
QOWZ:
2.76
NDVG:
3.55%
QOWZ:
5.75%
NDVG:
15.80%
QOWZ:
23.30%
NDVG:
-19.71%
QOWZ:
-20.36%
NDVG:
-4.97%
QOWZ:
-8.30%
Returns By Period
In the year-to-date period, NDVG achieves a -1.22% return, which is significantly higher than QOWZ's -3.40% return.
NDVG
-1.22%
11.62%
-3.06%
11.25%
N/A
N/A
QOWZ
-3.40%
15.14%
-6.21%
16.01%
N/A
N/A
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NDVG vs. QOWZ - Expense Ratio Comparison
NDVG has a 0.64% expense ratio, which is higher than QOWZ's 0.39% expense ratio.
Risk-Adjusted Performance
NDVG vs. QOWZ — Risk-Adjusted Performance Rank
NDVG
QOWZ
NDVG vs. QOWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dividend Growth ETF (NDVG) and Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ). 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
NDVG vs. QOWZ - Dividend Comparison
NDVG's dividend yield for the trailing twelve months is around 1.22%, more than QOWZ's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
NDVG Nuveen Dividend Growth ETF | 1.22% | 1.20% | 1.24% | 1.34% | 0.57% |
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.68% | 0.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
NDVG vs. QOWZ - Drawdown Comparison
The maximum NDVG drawdown since its inception was -19.71%, roughly equal to the maximum QOWZ drawdown of -20.36%. Use the drawdown chart below to compare losses from any high point for NDVG and QOWZ. For additional features, visit the drawdowns tool.
Volatility
NDVG vs. QOWZ - Volatility Comparison
The current volatility for Nuveen Dividend Growth ETF (NDVG) is 9.22%, while Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a volatility of 12.47%. This indicates that NDVG experiences smaller price fluctuations and is considered to be less risky than QOWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.