OGIG vs. PNQI

Last updated Jun 24, 2026

OGIG (O’Shares Global Internet Giants ETF) and PNQI (Invesco NASDAQ Internet ETF) are both Large Cap Growth Equities funds - OGIG tracks the O’Shares Global Internet Giants Index while PNQI tracks the NASDAQ Internet Index. Both are passively managed. Over the past 5 years, OGIG returned -5.48%/yr vs -2.58%/yr for PNQI. Their correlation of 0.94 suggests significant overlap in exposure. OGIG charges 0.48%/yr vs 0.62%/yr for PNQI.

Performance

OGIG vs. PNQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in O’Shares Global Internet Giants ETF (OGIG) and Invesco NASDAQ Internet ETF (PNQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIG achieves a -18.24% return, which is significantly lower than PNQI's -17.01% return.

OGIG

• 1D: -0.32%
• 1M: -5.75%
• YTD: -18.24%
• 6M: -19.41%
• 1Y: -16.68%
• 3Y*: 11.17%
• 5Y*: -5.48%
• 10Y*: —

PNQI

• 1D: 0.05%
• 1M: -7.06%
• YTD: -17.01%
• 6M: -17.53%
• 1Y: -10.24%
• 3Y*: 13.16%
• 5Y*: -2.58%
• 10Y*: 11.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OGIG vs. PNQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OGIG O’Shares Global Internet Giants ETF	-18.24%	14.39%	25.97%	50.25%	-50.64%	-9.30%	107.92%	36.90%	-24.48%
PNQI Invesco NASDAQ Internet ETF	-17.01%	15.56%	29.44%	60.69%	-47.92%	-5.57%	61.36%	28.76%	-21.31%

Correlation

The correlation between OGIG and PNQI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018	0.94

The correlation between OGIG and PNQI has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

OGIG vs. PNQI - Sectors Allocation Comparison

Sectors	OGIG	PNQI
Technology	55.4%	39.8%
Communication Services	26.2%	30.4%
Consumer Cyclical	15.6%	27.0%
Industrials	1.2%	0.1%
Healthcare	0.8%	0.0%
Real Estate	0.7%	0.4%
Financial Services	0.2%	2.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

OGIG vs. PNQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OGIG

OGIG Risk / Return Rank: 4
OGIG Sharpe Ratio Rank: 3
OGIG Sortino Ratio Rank: 3
OGIG Omega Ratio Rank: 3
OGIG Calmar Ratio Rank: 5
OGIG Martin Ratio Rank: 4

PNQI

PNQI Risk / Return Rank: 5
PNQI Sharpe Ratio Rank: 4
PNQI Sortino Ratio Rank: 4
PNQI Omega Ratio Rank: 4
PNQI Calmar Ratio Rank: 5
PNQI Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OGIG vs. PNQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) and Invesco NASDAQ Internet ETF (PNQI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OGIG	PNQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	-0.55	-0.19
Sortino ratio: Return per unit of downside risk	-0.91	-0.64	-0.27
Omega ratio: Gain probability vs. loss probability	0.89	0.92	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.41	-0.09
Martin ratio: Return relative to average drawdown	-1.00	-0.90	-0.10

OGIG vs. PNQI - Sharpe Ratio Comparison

The current OGIG Sharpe Ratio is -0.73, which is lower than the PNQI Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of OGIG and PNQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OGIG vs. PNQI - Drawdown Comparison

The maximum OGIG drawdown since its inception was -66.05%, which is greater than PNQI's maximum drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for OGIG and PNQI.

Drawdown Indicators

	OGIG	PNQI	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-59.70%	-6.35%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-24.85%	-8.38%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-24.85%	-8.38%
Max Drawdown (5Y) Largest decline over 5 years	-62.79%	-59.56%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.70%	—
Current Drawdown Current decline from peak	-32.46%	-21.57%	-10.89%
Average Drawdown Average peak-to-trough decline	-25.68%	-12.98%	-12.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.69%	11.38%	+5.31%

Volatility

OGIG vs. PNQI - Volatility Comparison

O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 9.72% compared to Invesco NASDAQ Internet ETF (PNQI) at 7.02%. This indicates that OGIG's price experiences larger fluctuations and is considered to be riskier than PNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGIG	PNQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	7.02%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	18.95%	14.90%	+4.05%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	18.80%	+4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.68%	26.90%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.00%	25.32%	+5.68%

OGIG vs. PNQI - Expense Ratio Comparison

OGIG has a 0.48% expense ratio, which is lower than PNQI's 0.62% expense ratio.

Dividends

OGIG vs. PNQI - Dividend Comparison

OGIG's dividend yield for the trailing twelve months is around 0.09%, while PNQI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGIG O’Shares Global Internet Giants ETF	0.09%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PNQI Invesco NASDAQ Internet ETF	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%

Frequently Asked Questions

Can I hold both OGIG and PNQI in my portfolio?

OGIG and PNQI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGIG or PNQI?

OGIG has higher volatility (9.72%) compared to PNQI (7.02%). In terms of maximum drawdown, OGIG dropped -66.05% vs PNQI's -59.70%.

Which ETF is better, OGIG or PNQI?

On 5-year performance, PNQI leads with -2.58% vs -5.48% for OGIG. On fees, OGIG is cheaper at 0.48% per year. On volatility, PNQI has been the lower-risk option at 7.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OGIG or PNQI?

Over the 5-year period, PNQI has performed better with a -2.58% return vs -5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGIG or PNQI?

OGIG is cheaper with a 0.48% expense ratio, compared with 0.62% for PNQI.

Which ETF pays a higher dividend yield, OGIG or PNQI?

OGIG has the higher dividend yield at 0.09%, compared with 0.00% for PNQI.

What is the main difference between OGIG and PNQI?

OGIG tracks O’Shares Global Internet Giants Index, while PNQI tracks NASDAQ Internet Index. They also come from different issuers: O'Shares Investments and Invesco. Their fees differ too: 0.48% for OGIG and 0.62% for PNQI.

Which has better risk-adjusted returns?

PNQI currently has the higher Sharpe Ratio (-0.55 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.