QLC vs. QQQM
Compare and contrast key facts about FlexShares US Quality Large Cap Index Fund (QLC) and Invesco NASDAQ 100 ETF (QQQM).
QLC and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLC is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Large Cap Index. It was launched on Sep 24, 2015. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both QLC and QQQM 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: QLC or QQQM.
Key characteristics
| QLC | QQQM | |
|---|---|---|
| YTD Return | 7.43% | 4.42% |
| 1Y Return | 27.99% | 35.58% |
| 3Y Return (Ann) | 8.72% | 9.08% |
| Sharpe Ratio | 2.29 | 2.13 |
| Daily Std Dev | 11.77% | 16.30% |
| Max Drawdown | -35.86% | -35.05% |
| Current Drawdown | -3.57% | -4.32% |
Correlation
The correlation between QLC and QQQM is 0.90, 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
QLC vs. QQQM - Performance Comparison
In the year-to-date period, QLC achieves a 7.43% return, which is significantly higher than QQQM's 4.42% 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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QLC vs. QQQM - Expense Ratio Comparison
QLC has a 0.32% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
QLC vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Large Cap Index Fund (QLC) and Invesco NASDAQ 100 ETF (QQQM). 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
QLC vs. QQQM - Dividend Comparison
QLC's dividend yield for the trailing twelve months is around 1.15%, more than QQQM's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | 1.15% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
QQQM Invesco NASDAQ 100 ETF | 0.68% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLC vs. QQQM - Drawdown Comparison
The maximum QLC drawdown since its inception was -35.86%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QLC and QQQM. For additional features, visit the drawdowns tool.
Volatility
QLC vs. QQQM - Volatility Comparison
The current volatility for FlexShares US Quality Large Cap Index Fund (QLC) is 4.07%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.62%. This indicates that QLC experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.