PNQI vs. QQQ
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and Invesco QQQ (QQQ).
PNQI and QQQ 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. 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 PNQI 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: PNQI or QQQ.
Key characteristics
| PNQI | QQQ | |
|---|---|---|
| YTD Return | 8.15% | 5.38% |
| 1Y Return | 39.79% | 35.44% |
| 3Y Return (Ann) | -7.51% | 8.91% |
| 5Y Return (Ann) | 6.43% | 18.53% |
| 10Y Return (Ann) | 12.27% | 18.34% |
| Sharpe Ratio | 2.30 | 2.40 |
| Daily Std Dev | 19.55% | 16.32% |
| Max Drawdown | -59.70% | -82.98% |
| Current Drawdown | -25.62% | -3.45% |
Correlation
The correlation between PNQI and QQQ is 0.83, 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
In the year-to-date period, PNQI achieves a 8.15% return, which is significantly higher than QQQ's 5.38% return. Over the past 10 years, PNQI has underperformed QQQ with an annualized return of 12.27%, while QQQ has yielded a comparatively higher 18.34% 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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PNQI vs. QQQ - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
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.
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 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. QQQ - Volatility Comparison
Invesco NASDAQ Internet ETF (PNQI) has a higher volatility of 5.61% compared to Invesco QQQ (QQQ) at 5.12%. This indicates that PNQI'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.