PDP vs. QQQ
Compare and contrast key facts about Invesco DWA Momentum ETF (PDP) and Invesco QQQ (QQQ).
PDP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDP is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Technical Leaders Index. It was launched on Mar 1, 2007. 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 PDP 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: PDP or QQQ.
Performance
PDP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PDP achieves a 33.74% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, PDP has underperformed QQQ with an annualized return of 11.00%, while QQQ has yielded a comparatively higher 18.03% annualized return.
PDP
33.74%
7.96%
17.46%
41.21%
13.17%
11.00%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| PDP | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.47 | 1.78 |
| Sortino Ratio | 3.34 | 2.37 |
| Omega Ratio | 1.42 | 1.32 |
| Calmar Ratio | 2.11 | 2.28 |
| Martin Ratio | 14.74 | 8.27 |
| Ulcer Index | 2.84% | 3.73% |
| Daily Std Dev | 16.94% | 17.37% |
| Max Drawdown | -59.34% | -82.98% |
| Current Drawdown | -0.03% | -1.78% |
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PDP vs. QQQ - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between PDP and QQQ is 0.85, 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
PDP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Momentum ETF (PDP) 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
PDP vs. QQQ - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.11%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDP Invesco DWA Momentum ETF | 0.11% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% | 0.15% | 0.28% |
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
PDP vs. QQQ - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PDP and QQQ. For additional features, visit the drawdowns tool.
Volatility
PDP vs. QQQ - Volatility Comparison
Invesco DWA Momentum ETF (PDP) has a higher volatility of 5.76% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that PDP'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.