QOWZ vs. VOO
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Vanguard S&P 500 ETF (VOO).
QOWZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both QOWZ and VOO 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 VOO.
Correlation
The correlation between QOWZ and VOO is 0.89, 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. VOO - Performance Comparison
Key characteristics
QOWZ:
1.65
VOO:
1.98
QOWZ:
2.26
VOO:
2.65
QOWZ:
1.29
VOO:
1.36
QOWZ:
3.40
VOO:
2.98
QOWZ:
10.64
VOO:
12.44
QOWZ:
2.75%
VOO:
2.02%
QOWZ:
17.67%
VOO:
12.69%
QOWZ:
-8.60%
VOO:
-33.99%
QOWZ:
-1.19%
VOO:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with QOWZ having a 4.09% return and VOO slightly lower at 4.06%.
QOWZ
4.09%
1.54%
11.04%
28.58%
N/A
N/A
VOO
4.06%
2.04%
9.70%
23.75%
14.34%
13.25%
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QOWZ vs. VOO - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
QOWZ vs. VOO — Risk-Adjusted Performance Rank
QOWZ
VOO
QOWZ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.64%, less than VOO's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.64% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.20% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
QOWZ vs. VOO - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -8.60%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QOWZ and VOO. For additional features, visit the drawdowns tool.
Volatility
QOWZ vs. VOO - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 5.08% compared to Vanguard S&P 500 ETF (VOO) at 3.13%. This indicates that QOWZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.