OGIG vs. QQQ
Compare and contrast key facts about O’Shares Global Internet Giants ETF (OGIG) and Invesco QQQ (QQQ).
OGIG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OGIG is a passively managed fund by O'Shares Investments that tracks the performance of the O’Shares Global Internet Giants Index. It was launched on Jun 5, 2018. 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 OGIG 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: OGIG or QQQ.
Key characteristics
| OGIG | QQQ | |
|---|---|---|
| YTD Return | 26.42% | 26.02% |
| 1Y Return | 44.10% | 36.73% |
| 3Y Return (Ann) | -7.20% | 9.97% |
| 5Y Return (Ann) | 13.78% | 21.44% |
| Sharpe Ratio | 2.44 | 2.28 |
| Sortino Ratio | 3.12 | 2.98 |
| Omega Ratio | 1.41 | 1.41 |
| Calmar Ratio | 0.94 | 2.94 |
| Martin Ratio | 13.06 | 10.71 |
| Ulcer Index | 3.59% | 3.72% |
| Daily Std Dev | 19.20% | 17.35% |
| Max Drawdown | -66.05% | -82.98% |
| Current Drawdown | -27.52% | -0.06% |
Correlation
The correlation between OGIG and QQQ is 0.84, 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
OGIG vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with OGIG having a 26.42% return and QQQ slightly lower at 26.02%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OGIG vs. QQQ - Expense Ratio Comparison
OGIG has a 0.48% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
OGIG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) 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
OGIG vs. QQQ - Dividend Comparison
OGIG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OGIG O’Shares Global Internet Giants ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
OGIG vs. QQQ - Drawdown Comparison
The maximum OGIG drawdown since its inception was -66.05%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OGIG and QQQ. For additional features, visit the drawdowns tool.
Volatility
OGIG vs. QQQ - Volatility Comparison
O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 5.62% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that OGIG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.