OEF vs. QQQ
Compare and contrast key facts about iShares S&P 100 ETF (OEF) and Invesco QQQ (QQQ).
OEF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000. 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 OEF 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: OEF or QQQ.
Performance
OEF vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, OEF achieves a 28.55% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, OEF has underperformed QQQ with an annualized return of 13.96%, while QQQ has yielded a comparatively higher 17.95% annualized return.
OEF
28.55%
0.95%
13.29%
34.89%
17.19%
13.96%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| OEF | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.63 | 1.70 |
| Sortino Ratio | 3.48 | 2.29 |
| Omega Ratio | 1.49 | 1.31 |
| Calmar Ratio | 3.58 | 2.19 |
| Martin Ratio | 15.88 | 7.96 |
| Ulcer Index | 2.19% | 3.72% |
| Daily Std Dev | 13.27% | 17.39% |
| Max Drawdown | -54.11% | -82.98% |
| Current Drawdown | -1.78% | -3.42% |
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OEF vs. QQQ - Expense Ratio Comparison
Both OEF and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between OEF and QQQ is 0.86, 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
OEF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) 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
OEF vs. QQQ - Dividend Comparison
OEF's dividend yield for the trailing twelve months is around 1.01%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 1.01% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% | 1.85% | 1.96% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
OEF vs. QQQ - Drawdown Comparison
The maximum OEF drawdown since its inception was -54.11%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OEF and QQQ. For additional features, visit the drawdowns tool.
Volatility
OEF vs. QQQ - Volatility Comparison
The current volatility for iShares S&P 100 ETF (OEF) is 4.54%, while Invesco QQQ (QQQ) has a volatility of 5.58%. This indicates that OEF 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.