QOWZ vs. GARP
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and iShares MSCI USA Quality GARP ETF (GARP).
QOWZ and GARP 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. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both QOWZ and GARP 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 GARP.
Correlation
The correlation between QOWZ and GARP is 0.91, 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. GARP - Performance Comparison
Key characteristics
QOWZ:
1.51
GARP:
1.62
QOWZ:
2.08
GARP:
2.16
QOWZ:
1.27
GARP:
1.29
QOWZ:
3.11
GARP:
2.31
QOWZ:
9.76
GARP:
8.48
QOWZ:
2.74%
GARP:
3.66%
QOWZ:
17.72%
GARP:
19.16%
QOWZ:
-8.60%
GARP:
-31.34%
QOWZ:
-1.59%
GARP:
-0.20%
Returns By Period
In the year-to-date period, QOWZ achieves a 3.67% return, which is significantly lower than GARP's 5.03% return.
QOWZ
3.67%
3.73%
12.01%
26.80%
N/A
N/A
GARP
5.03%
5.76%
14.60%
31.18%
19.23%
N/A
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QOWZ vs. GARP - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
QOWZ vs. GARP — Risk-Adjusted Performance Rank
QOWZ
GARP
QOWZ vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and iShares MSCI USA Quality GARP ETF (GARP). 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. GARP - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.64%, more than GARP's 0.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.64% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.37% | 0.39% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
QOWZ vs. GARP - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -8.60%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for QOWZ and GARP. For additional features, visit the drawdowns tool.
Volatility
QOWZ vs. GARP - Volatility Comparison
The current volatility for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is 5.32%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.61%. This indicates that QOWZ experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.