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 -0.52% vs 28.33% 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 -2.07% return, which is significantly lower than FLOW's 12.57% return.
QOWZ
- 1D
- 0.97%
- 1M
- 3.73%
- 6M
- -1.86%
- YTD
- -2.07%
- 1Y
- -0.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOW
- 1D
- 1.75%
- 1M
- 4.75%
- 6M
- 9.38%
- YTD
- 12.57%
- 1Y
- 28.33%
- 3Y*
- 17.98%
- 5Y*
- —
- 10Y*
- —
QOWZ vs. FLOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | -2.07% | 7.24% | 33.16% | 5.69% |
FLOW SPX FLOW, Inc. | 12.57% | 17.52% | 13.03% | 5.12% |
Correlation
The correlation between QOWZ and FLOW is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | 0.58 |
The correlation between QOWZ and FLOW has been stable across timeframes, ranging from 0.58 to 0.60 - 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QOWZ | FLOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 4.30 | -4.33 |
| Martin ratioReturn relative to average drawdown | -0.07 | 11.33 | -11.40 |
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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% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.64% | — |
Current DrawdownCurrent decline from peak | -5.80% | 0.00% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -3.13% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 2.51% | +4.82% |
Volatility
QOWZ vs. FLOW - Volatility Comparison
The current volatility for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is 4.02%, while SPX FLOW, Inc. (FLOW) has a volatility of 5.00%. This indicates that QOWZ experiences smaller price fluctuations and is considered to be less risky 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 | 4.02% | 5.00% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 10.75% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 15.29% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 16.93% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 16.93% | +2.19% |
Dividends
QOWZ vs. FLOW - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.25%, less than FLOW's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FLOW SPX FLOW, Inc. | 1.98% | 2.15% | 2.10% | 0.95% |
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.25% | 0.28% | 0.66% | 0.00% |
Frequently Asked Questions
QOWZ and FLOW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOW has higher volatility (5.00%) compared to QOWZ (4.02%). In terms of maximum drawdown, QOWZ dropped -20.36% vs FLOW's -21.64%.
FLOW currently has the higher Sharpe Ratio (1.86 vs -0.03), 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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