QLTA vs. QQQ
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Invesco QQQ (QQQ).
QLTA and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTA is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. 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 QLTA 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: QLTA or QQQ.
Correlation
The correlation between QLTA and QQQ is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QLTA vs. QQQ - Performance Comparison
Key characteristics
QLTA:
0.80
QQQ:
1.40
QLTA:
1.17
QQQ:
1.90
QLTA:
1.14
QQQ:
1.25
QLTA:
0.31
QQQ:
1.88
QLTA:
2.11
QQQ:
6.51
QLTA:
2.14%
QQQ:
3.92%
QLTA:
5.65%
QQQ:
18.23%
QLTA:
-22.27%
QQQ:
-82.98%
QLTA:
-9.30%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, QLTA achieves a 1.12% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, QLTA has underperformed QQQ with an annualized return of 1.88%, while QQQ has yielded a comparatively higher 18.32% annualized return.
QLTA
1.12%
0.74%
-0.84%
4.43%
-0.53%
1.88%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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QLTA vs. QQQ - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QLTA vs. QQQ — Risk-Adjusted Performance Rank
QLTA
QQQ
QLTA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) 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
QLTA vs. QQQ - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.10%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.10% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% | 2.32% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QLTA vs. QQQ - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QLTA and QQQ. For additional features, visit the drawdowns tool.
Volatility
QLTA vs. QQQ - Volatility Comparison
The current volatility for iShares Aaa - A Rated Corporate Bond ETF (QLTA) is 1.45%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that QLTA 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.