QOWZ vs. FDVV
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Fidelity High Dividend ETF (FDVV).
QOWZ and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both QOWZ and FDVV 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: QOWZ or FDVV.
Correlation
The correlation between QOWZ and FDVV is 0.74, 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
QOWZ vs. FDVV - Performance Comparison
Key characteristics
QOWZ:
0.31
FDVV:
0.65
QOWZ:
0.60
FDVV:
0.99
QOWZ:
1.08
FDVV:
1.15
QOWZ:
0.35
FDVV:
0.64
QOWZ:
1.44
FDVV:
3.19
QOWZ:
4.98%
FDVV:
3.21%
QOWZ:
22.84%
FDVV:
15.76%
QOWZ:
-20.36%
FDVV:
-40.25%
QOWZ:
-16.67%
FDVV:
-10.19%
Returns By Period
In the year-to-date period, QOWZ achieves a -12.22% return, which is significantly lower than FDVV's -5.98% return.
QOWZ
-12.22%
-7.87%
-10.84%
10.84%
N/A
N/A
FDVV
-5.98%
-6.58%
-8.34%
10.25%
17.40%
N/A
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QOWZ vs. FDVV - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
QOWZ vs. FDVV — Risk-Adjusted Performance Rank
QOWZ
FDVV
QOWZ vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Fidelity High Dividend ETF (FDVV). 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
QOWZ vs. FDVV - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.75%, less than FDVV's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.75% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.26% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
QOWZ vs. FDVV - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -20.36%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for QOWZ and FDVV. For additional features, visit the drawdowns tool.
Volatility
QOWZ vs. FDVV - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 14.44% compared to Fidelity High Dividend ETF (FDVV) at 11.68%. This indicates that QOWZ's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.