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

Correlation

The correlation between PNQI and QQQ is 0.74, 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

PNQI vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Internet ETF (PNQI) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PNQI:

0.95

QQQ:

0.53

Sortino Ratio

PNQI:

1.48

QQQ:

0.99

Omega Ratio

PNQI:

1.21

QQQ:

1.14

Calmar Ratio

PNQI:

0.84

QQQ:

0.66

Martin Ratio

PNQI:

3.58

QQQ:

2.15

Ulcer Index

PNQI:

6.77%

QQQ:

7.02%

Daily Std Dev

PNQI:

24.40%

QQQ:

25.60%

Max Drawdown

PNQI:

-59.70%

QQQ:

-82.98%

Current Drawdown

PNQI:

-6.61%

QQQ:

-3.68%

Returns By Period

In the year-to-date period, PNQI achieves a 4.90% return, which is significantly higher than QQQ's 1.65% return. Over the past 10 years, PNQI has underperformed QQQ with an annualized return of 12.87%, while QQQ has yielded a comparatively higher 17.69% annualized return.


PNQI

YTD

4.90%

1M

9.40%

6M

3.62%

1Y

23.00%

3Y*

22.86%

5Y*

8.54%

10Y*

12.87%

QQQ

YTD

1.65%

1M

9.84%

6M

3.01%

1Y

13.57%

3Y*

19.66%

5Y*

18.07%

10Y*

17.69%

*Annualized

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Invesco NASDAQ Internet ETF

Invesco QQQ

PNQI vs. QQQ - Expense Ratio Comparison

PNQI has a 0.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PNQI vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNQI
The Risk-Adjusted Performance Rank of PNQI is 7878
Overall Rank
The Sharpe Ratio Rank of PNQI is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of PNQI is 8080
Sortino Ratio Rank
The Omega Ratio Rank of PNQI is 8181
Omega Ratio Rank
The Calmar Ratio Rank of PNQI is 7474
Calmar Ratio Rank
The Martin Ratio Rank of PNQI is 7676
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5858
Overall Rank
The Sharpe Ratio Rank of QQQ is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5858
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6565
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PNQI vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) 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.


The current PNQI Sharpe Ratio is 0.95, which is higher than the QQQ Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of PNQI 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.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PNQI vs. QQQ - Dividend Comparison

PNQI has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.


TTM20242023202220212020201920182017201620152014
PNQI
Invesco NASDAQ Internet ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.58%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

PNQI vs. QQQ - Drawdown Comparison

The maximum PNQI drawdown since its inception was -59.70%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PNQI and QQQ.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PNQI vs. QQQ - Volatility Comparison

Invesco NASDAQ Internet ETF (PNQI) and Invesco QQQ (QQQ) have volatilities of 5.71% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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