PNQI vs. OGIG
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and O’Shares Global Internet Giants ETF (OGIG).
PNQI and OGIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. 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. Both PNQI and OGIG 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: PNQI or OGIG.
Performance
PNQI vs. OGIG - Performance Comparison
Returns By Period
In the year-to-date period, PNQI achieves a 27.36% return, which is significantly higher than OGIG's 24.46% return.
PNQI
27.36%
4.20%
13.74%
36.52%
11.55%
12.96%
OGIG
24.46%
5.92%
14.49%
36.95%
12.94%
N/A
Key characteristics
| PNQI | OGIG | |
|---|---|---|
| Sharpe Ratio | 2.10 | 1.99 |
| Sortino Ratio | 2.74 | 2.59 |
| Omega Ratio | 1.36 | 1.34 |
| Calmar Ratio | 1.02 | 0.79 |
| Martin Ratio | 13.25 | 10.49 |
| Ulcer Index | 2.75% | 3.60% |
| Daily Std Dev | 17.40% | 19.04% |
| Max Drawdown | -59.70% | -66.05% |
| Current Drawdown | -12.41% | -28.64% |
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PNQI vs. OGIG - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than OGIG's 0.48% expense ratio.
Correlation
The correlation between PNQI and OGIG is 0.94, 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
PNQI vs. OGIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) and O’Shares Global Internet Giants ETF (OGIG). 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
PNQI vs. OGIG - Dividend Comparison
Neither PNQI nor OGIG has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
OGIG O’Shares Global Internet Giants ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNQI vs. OGIG - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, smaller than the maximum OGIG drawdown of -66.05%. Use the drawdown chart below to compare losses from any high point for PNQI and OGIG. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. OGIG - Volatility Comparison
The current volatility for Invesco NASDAQ Internet ETF (PNQI) is 4.85%, while O’Shares Global Internet Giants ETF (OGIG) has a volatility of 5.73%. This indicates that PNQI experiences smaller price fluctuations and is considered to be less risky than OGIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.