PEX vs. QQQ
Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and Invesco QQQ (QQQ).
PEX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013. 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 PEX 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: PEX or QQQ.
Key characteristics
| PEX | QQQ | |
|---|---|---|
| YTD Return | 11.11% | 25.79% |
| 1Y Return | 24.43% | 36.91% |
| 3Y Return (Ann) | -0.27% | 9.89% |
| 5Y Return (Ann) | 5.93% | 21.42% |
| 10Y Return (Ann) | 6.69% | 18.39% |
| Sharpe Ratio | 1.96 | 2.11 |
| Sortino Ratio | 2.65 | 2.78 |
| Omega Ratio | 1.34 | 1.38 |
| Calmar Ratio | 1.21 | 2.69 |
| Martin Ratio | 12.01 | 9.81 |
| Ulcer Index | 2.04% | 3.72% |
| Daily Std Dev | 12.47% | 17.32% |
| Max Drawdown | -49.17% | -82.98% |
| Current Drawdown | -1.28% | -0.24% |
Correlation
The correlation between PEX and QQQ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PEX vs. QQQ - Performance Comparison
In the year-to-date period, PEX achieves a 11.11% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, PEX has underperformed QQQ with an annualized return of 6.69%, while QQQ has yielded a comparatively higher 18.39% annualized return. 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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PEX vs. QQQ - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) 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
PEX vs. QQQ - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 13.76%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 13.76% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
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
PEX vs. QQQ - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PEX vs. QQQ - Volatility Comparison
The current volatility for ProShares Global Listed Private Equity ETF (PEX) is 3.56%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that PEX 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.