PRN vs. QQQ

Last updated Jun 4, 2026

PRN (Invesco DWA Industrials Momentum ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - PRN is a Momentum fund tracking the DWA Industrials Technical Leaders Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, PRN returned 18.51%/yr vs 21.94%/yr for QQQ. A 0.73 correlation means they provide meaningful diversification when combined. PRN charges 0.60%/yr vs 0.18%/yr for QQQ.

Performance

PRN vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, PRN achieves a 41.80% return, which is significantly higher than QQQ's 21.30% return. Over the past 10 years, PRN has underperformed QQQ with an annualized return of 18.51%, while QQQ has yielded a comparatively higher 21.94% annualized return.

PRN

• 1D: 0.59%
• 1M: 6.86%
• YTD: 41.80%
• 6M: 45.38%
• 1Y: 65.12%
• 3Y*: 36.96%
• 5Y*: 20.18%
• 10Y*: 18.51%

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRN vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRN Invesco DWA Industrials Momentum ETF	41.80%	13.74%	30.35%	37.96%	-25.09%	25.21%	36.39%	34.52%	-16.19%	22.82%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between PRN and QQQ is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 13, 2006	0.73

The correlation between PRN and QQQ has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

PRN vs. QQQ - Sectors Allocation Comparison

Sectors	PRN	QQQ
Industrials	79.3%	2.8%
Technology	19.4%	53.8%
Basic Materials	1.8%	1.1%
Energy	1.6%	0.6%
Consumer Cyclical	1.2%	12.3%
Financial Services	0.1%	0.2%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

PRN vs. QQQ — Risk / Return Rank

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

PRN

PRN Risk / Return Rank: 70
PRN Sharpe Ratio Rank: 68
PRN Sortino Ratio Rank: 60
PRN Omega Ratio Rank: 60
PRN Calmar Ratio Rank: 84
PRN Martin Ratio Rank: 78

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRN vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and Invesco QQQ ETF (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.

	PRN	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.64	-0.35
Sortino ratio: Return per unit of downside risk	2.86	3.45	-0.59
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	4.63	3.51	+1.11
Martin ratio: Return relative to average drawdown	15.45	13.49	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRN vs. QQQ - Sharpe Ratio Comparison

The current PRN Sharpe Ratio is 2.29, which is comparable to the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of PRN and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRN	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.64	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.81	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.99	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.41	+0.11

Drawdowns

PRN vs. QQQ - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PRN and QQQ.

Drawdown Indicators

	PRN	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-82.97%	+23.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-11.96%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-22.77%	-8.01%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-35.12%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-35.12%	-1.15%
Current Drawdown Current decline from peak	-0.47%	-0.26%	-0.21%
Average Drawdown Average peak-to-trough decline	-10.84%	-32.79%	+21.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	3.11%	+1.12%

Volatility

PRN vs. QQQ - Volatility Comparison

Invesco DWA Industrials Momentum ETF (PRN) has a higher volatility of 10.95% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that PRN'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.

Volatility by Period

	PRN	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.95%	4.49%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	23.22%	12.10%	+11.12%
Volatility (1Y) Calculated over the trailing 1-year period	28.66%	15.94%	+12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.03%	22.38%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.17%	22.29%	+1.88%

PRN vs. QQQ - Expense Ratio Comparison

PRN has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

PRN vs. QQQ - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.11%, less than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRN Invesco DWA Industrials Momentum ETF	0.11%	0.17%	0.39%	0.52%	0.82%	0.11%	0.10%	0.42%	0.29%	0.60%	0.57%	0.44%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both PRN and QQQ in my portfolio?

PRN and QQQ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRN or QQQ?

PRN has higher volatility (10.95%) compared to QQQ (4.49%). In terms of maximum drawdown, PRN dropped -59.88% vs QQQ's -82.97%.

Which ETF is better, PRN or QQQ?

On 10-year performance, QQQ leads with 21.94% vs 18.51% for PRN. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRN or QQQ?

Over the 10-year period, QQQ has performed better with a 21.94% return vs 18.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRN or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for PRN.

Which ETF pays a higher dividend yield, PRN or QQQ?

QQQ has the higher dividend yield at 0.38%, compared with 0.11% for PRN.

What is the main difference between PRN and QQQ?

PRN is categorized as Momentum, while QQQ is Nasdaq-100. PRN tracks DWA Industrials Technical Leaders Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.60% for PRN and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.