PSCT vs. QQQJ
Compare and contrast key facts about Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
PSCT and QQQJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCT is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Information Technology Index. It was launched on Apr 7, 2010. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. Both PSCT and QQQJ 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: PSCT or QQQJ.
Key characteristics
| PSCT | QQQJ | |
|---|---|---|
| YTD Return | 4.32% | 18.73% |
| 1Y Return | 21.44% | 34.70% |
| 3Y Return (Ann) | -0.24% | -3.13% |
| Sharpe Ratio | 1.00 | 2.31 |
| Sortino Ratio | 1.51 | 3.20 |
| Omega Ratio | 1.19 | 1.39 |
| Calmar Ratio | 1.18 | 1.10 |
| Martin Ratio | 3.57 | 12.20 |
| Ulcer Index | 6.92% | 2.98% |
| Daily Std Dev | 24.63% | 15.76% |
| Max Drawdown | -40.44% | -39.58% |
| Current Drawdown | -3.58% | -9.63% |
Correlation
The correlation between PSCT and QQQJ is 0.86, 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
PSCT vs. QQQJ - Performance Comparison
In the year-to-date period, PSCT achieves a 4.32% return, which is significantly lower than QQQJ's 18.73% 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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PSCT vs. QQQJ - Expense Ratio Comparison
PSCT has a 0.29% expense ratio, which is higher than QQQJ's 0.15% expense ratio.
Risk-Adjusted Performance
PSCT vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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
PSCT vs. QQQJ - Dividend Comparison
PSCT's dividend yield for the trailing twelve months is around 0.03%, less than QQQJ's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCT Invesco S&P SmallCap Information Technology ETF | 0.03% | 0.02% | 0.00% | 0.01% | 0.08% | 0.22% | 0.47% | 0.19% | 0.25% | 0.15% | 0.13% | 0.21% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.77% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCT vs. QQQJ - Drawdown Comparison
The maximum PSCT drawdown since its inception was -40.44%, roughly equal to the maximum QQQJ drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for PSCT and QQQJ. For additional features, visit the drawdowns tool.
Volatility
PSCT vs. QQQJ - Volatility Comparison
Invesco S&P SmallCap Information Technology ETF (PSCT) has a higher volatility of 7.67% compared to Invesco NASDAQ Next Gen 100 ETF (QQQJ) at 4.68%. This indicates that PSCT's price experiences larger fluctuations and is considered to be riskier than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.