PSJ vs. QQQ
Compare and contrast key facts about Invesco Dynamic Software ETF (PSJ) and Invesco QQQ (QQQ).
PSJ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Software Intellidex Index. It was launched on Jun 23, 2005. 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 PSJ 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: PSJ or QQQ.
Key characteristics
| PSJ | QQQ |
|---|
Correlation
The correlation between PSJ and QQQ is 0.81, 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
PSJ vs. QQQ - Performance Comparison
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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PSJ vs. QQQ - Expense Ratio Comparison
PSJ has a 0.58% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PSJ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Software ETF (PSJ) 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
PSJ vs. QQQ - Dividend Comparison
PSJ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSJ Invesco Dynamic Software ETF | 0.00% | 0.00% | 1.41% | 0.56% | 0.04% | 0.05% | 0.00% | 0.00% | 0.03% | 0.15% | 0.10% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PSJ vs. QQQ - Drawdown Comparison
Volatility
PSJ vs. QQQ - Volatility Comparison
The current volatility for Invesco Dynamic Software ETF (PSJ) is 0.00%, while Invesco QQQ (QQQ) has a volatility of 4.93%. This indicates that PSJ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.