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OPER vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


OPERQQQ
YTD Return4.67%26.09%
1Y Return5.40%39.88%
3Y Return (Ann)3.85%9.90%
5Y Return (Ann)2.54%21.46%
Sharpe Ratio13.642.22
Sortino Ratio35.122.92
Omega Ratio10.801.40
Calmar Ratio47.592.86
Martin Ratio557.5610.44
Ulcer Index0.01%3.72%
Daily Std Dev0.40%17.47%
Max Drawdown-2.33%-82.98%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.0-0.0

The correlation between OPER and QQQ is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

OPER vs. QQQ - Performance Comparison

In the year-to-date period, OPER achieves a 4.67% return, which is significantly lower than QQQ's 26.09% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
2.63%
16.66%
OPER
QQQ

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OPER vs. QQQ - Expense Ratio Comparison

Both OPER 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%.


OPER
ClearShares Ultra-Short Maturity ETF
Expense ratio chart for OPER: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

OPER vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) 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.


OPER
Sharpe ratio
The chart of Sharpe ratio for OPER, currently valued at 13.64, compared to the broader market-2.000.002.004.006.0013.64
Sortino ratio
The chart of Sortino ratio for OPER, currently valued at 35.12, compared to the broader market-2.000.002.004.006.008.0010.0012.0035.12
Omega ratio
The chart of Omega ratio for OPER, currently valued at 10.80, compared to the broader market1.001.502.002.503.0010.80
Calmar ratio
The chart of Calmar ratio for OPER, currently valued at 47.59, compared to the broader market0.005.0010.0015.0047.59
Martin ratio
The chart of Martin ratio for OPER, currently valued at 557.56, compared to the broader market0.0020.0040.0060.0080.00100.00557.56
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.22, compared to the broader market-2.000.002.004.006.002.22
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.92, compared to the broader market-2.000.002.004.006.008.0010.0012.002.92
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.40, compared to the broader market1.001.502.002.503.001.40
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.86, compared to the broader market0.005.0010.0015.002.86
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 10.44, compared to the broader market0.0020.0040.0060.0080.00100.0010.44

OPER vs. QQQ - Sharpe Ratio Comparison

The current OPER Sharpe Ratio is 13.64, which is higher than the QQQ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of OPER and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.008.0010.0012.0014.00JuneJulyAugustSeptemberOctoberNovember
13.64
2.22
OPER
QQQ

Dividends

OPER vs. QQQ - Dividend Comparison

OPER's dividend yield for the trailing twelve months is around 5.36%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
OPER
ClearShares Ultra-Short Maturity ETF
5.36%5.03%1.71%0.36%0.64%2.08%0.88%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

OPER vs. QQQ - Drawdown Comparison

The maximum OPER drawdown since its inception was -2.33%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for OPER and QQQ. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
OPER
QQQ

Volatility

OPER vs. QQQ - Volatility Comparison

The current volatility for ClearShares Ultra-Short Maturity ETF (OPER) is 0.08%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that OPER 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.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
0.08%
5.17%
OPER
QQQ