NWJCX vs. QQQ
Compare and contrast key facts about Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) and Invesco QQQ (QQQ).
NWJCX is managed by Nationwide. It was launched on Jun 9, 1996. 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: NWJCX or QQQ.
Performance
NWJCX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NWJCX achieves a 19.25% return, which is significantly lower than QQQ's 23.47% return. Over the past 10 years, NWJCX has underperformed QQQ with an annualized return of 14.33%, while QQQ has yielded a comparatively higher 18.10% annualized return.
NWJCX
19.25%
-1.17%
6.04%
27.59%
15.05%
14.33%
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| NWJCX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.63 | 1.80 |
| Sortino Ratio | 2.24 | 2.40 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 2.87 | 2.31 |
| Martin Ratio | 9.08 | 8.39 |
| Ulcer Index | 3.20% | 3.73% |
| Daily Std Dev | 17.78% | 17.41% |
| Max Drawdown | -32.00% | -82.98% |
| Current Drawdown | -3.88% | -2.08% |
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NWJCX vs. QQQ - Expense Ratio Comparison
NWJCX has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between NWJCX and QQQ is 0.92, 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.
Risk-Adjusted Performance
NWJCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) 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
NWJCX vs. QQQ - Dividend Comparison
NWJCX's dividend yield for the trailing twelve months is around 0.38%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWJCX Nationwide NYSE Arca Tech 100 Index Fund | 0.38% | 0.47% | 0.88% | 0.27% | 0.55% | 0.65% | 0.42% | 0.48% | 0.74% | 0.64% | 0.60% | 0.23% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NWJCX vs. QQQ - Drawdown Comparison
The maximum NWJCX drawdown since its inception was -32.00%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NWJCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NWJCX vs. QQQ - Volatility Comparison
The current volatility for Nationwide NYSE Arca Tech 100 Index Fund (NWJCX) is 4.74%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that NWJCX 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.