QCLR vs. QQQ
Compare and contrast key facts about Global X NASDAQ 100 Collar 95-110 ETF (QCLR) and Invesco QQQ (QQQ).
QCLR and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QCLR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Collar 95-110 Index. It was launched on Aug 25, 2021. 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 QCLR 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: QCLR or QQQ.
Key characteristics
| QCLR | QQQ | |
|---|---|---|
| YTD Return | 18.53% | 25.79% |
| 1Y Return | 28.44% | 36.91% |
| 3Y Return (Ann) | 7.20% | 9.89% |
| Sharpe Ratio | 2.29 | 2.11 |
| Sortino Ratio | 3.21 | 2.78 |
| Omega Ratio | 1.42 | 1.38 |
| Calmar Ratio | 3.35 | 2.69 |
| Martin Ratio | 9.82 | 9.81 |
| Ulcer Index | 2.83% | 3.72% |
| Daily Std Dev | 12.11% | 17.32% |
| Max Drawdown | -21.77% | -82.98% |
| Current Drawdown | -0.13% | -0.24% |
Correlation
The correlation between QCLR 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
QCLR vs. QQQ - Performance Comparison
In the year-to-date period, QCLR achieves a 18.53% return, which is significantly lower than QQQ's 25.79% 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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QCLR vs. QQQ - Expense Ratio Comparison
QCLR has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QCLR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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
QCLR vs. QQQ - Dividend Comparison
QCLR's dividend yield for the trailing twelve months is around 0.58%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 0.58% | 0.47% | 0.28% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% | 1.02% |
Drawdowns
QCLR vs. QQQ - Drawdown Comparison
The maximum QCLR drawdown since its inception was -21.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QCLR and QQQ. For additional features, visit the drawdowns tool.
Volatility
QCLR vs. QQQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) is 3.46%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that QCLR 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.