QOWZ vs. FLOW
QOWZ (Invesco Nasdaq Free Cash Flow Achievers ETF) is Large Cap Growth Equities fund tracking the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross, while FLOW (SPX FLOW, Inc.) is a stock. Over the past year, QOWZ returned 2.83% vs 29.06% for FLOW. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
QOWZ vs. FLOW - Performance Comparison
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Returns By Period
In the year-to-date period, QOWZ achieves a -1.71% return, which is significantly lower than FLOW's 9.51% return.
QOWZ
- 1D
- -1.13%
- 1M
- 6.39%
- YTD
- -1.71%
- 6M
- -1.76%
- 1Y
- 2.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOW
- 1D
- -0.64%
- 1M
- 5.94%
- YTD
- 9.51%
- 6M
- 10.60%
- 1Y
- 29.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QOWZ vs. FLOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | -1.71% | 7.24% | 33.16% | 6.47% |
FLOW SPX FLOW, Inc. | 9.51% | 17.52% | 13.03% | 5.57% |
Correlation
The correlation between QOWZ and FLOW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023 | 0.58 |
The correlation between QOWZ and FLOW has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
QOWZ vs. FLOW — Risk / Return Rank
QOWZ
FLOW
QOWZ vs. FLOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and SPX FLOW, Inc. (FLOW). 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.
| QOWZ | FLOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.41 | -4.25 |
| Martin ratioReturn relative to average drawdown | 0.42 | 12.85 | -12.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QOWZ | FLOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.92 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.03 | -0.11 |
Drawdowns
QOWZ vs. FLOW - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -20.36%, smaller than the maximum FLOW drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for QOWZ and FLOW.
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Drawdown Indicators
| QOWZ | FLOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -21.64% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -6.61% | -11.20% |
Current DrawdownCurrent decline from peak | -5.46% | -1.69% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -3.13% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 2.27% | +4.43% |
Volatility
QOWZ vs. FLOW - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 5.04% compared to SPX FLOW, Inc. (FLOW) at 4.34%. This indicates that QOWZ's price experiences larger fluctuations and is considered to be riskier than FLOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QOWZ | FLOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 4.34% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.07% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 15.30% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 16.98% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 16.98% | +2.29% |
Dividends
QOWZ vs. FLOW - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.26%, less than FLOW's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FLOW SPX FLOW, Inc. | 2.20% | 2.15% | 2.10% | 0.95% |
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.26% | 0.28% | 0.66% | 0.00% |
Frequently Asked Questions
QOWZ and FLOW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QOWZ has higher volatility (5.04%) compared to FLOW (4.34%). In terms of maximum drawdown, QOWZ dropped -20.36% vs FLOW's -21.64%.
FLOW currently has the higher Sharpe Ratio (1.92 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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