Correlation
The correlation between NUGO and QQQM is 0.93, 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.
NUGO vs. QQQM
Compare and contrast key facts about Nuveen Growth Opportunities ETF (NUGO) and Invesco NASDAQ 100 ETF (QQQM).
NUGO and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NUGO is an actively managed fund by Nuveen. It was launched on Sep 27, 2021. 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: NUGO or QQQM.
Performance
NUGO vs. QQQM - Performance Comparison
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Key characteristics
NUGO:
0.50
QQQM:
0.63
NUGO:
0.71
QQQM:
0.93
NUGO:
1.10
QQQM:
1.13
NUGO:
0.41
QQQM:
0.60
NUGO:
1.25
QQQM:
1.95
NUGO:
8.23%
QQQM:
7.01%
NUGO:
27.24%
QQQM:
25.29%
NUGO:
-38.01%
QQQM:
-35.05%
NUGO:
-7.09%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, NUGO achieves a -2.63% return, which is significantly lower than QQQM's 1.73% return.
NUGO
-2.63%
7.11%
-1.52%
13.66%
19.70%
N/A
N/A
QQQM
1.73%
7.87%
2.19%
15.71%
19.83%
N/A
N/A
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NUGO vs. QQQM - Expense Ratio Comparison
NUGO has a 0.56% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
NUGO vs. QQQM — Risk-Adjusted Performance Rank
NUGO
QQQM
NUGO vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Growth Opportunities ETF (NUGO) 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.
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Dividends
NUGO vs. QQQM - Dividend Comparison
NUGO has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.58%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
NUGO Nuveen Growth Opportunities ETF | 0.00% | 0.00% | 0.19% | 0.26% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
NUGO vs. QQQM - Drawdown Comparison
The maximum NUGO drawdown since its inception was -38.01%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for NUGO and QQQM.
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Volatility
NUGO vs. QQQM - Volatility Comparison
Nuveen Growth Opportunities ETF (NUGO) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.72% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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