QQEW vs. SCHD
Compare and contrast key facts about First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Schwab US Dividend Equity ETF (SCHD).
QQEW and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both QQEW and SCHD 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: QQEW or SCHD.
Key characteristics
| QQEW | SCHD | |
|---|---|---|
| YTD Return | 6.71% | 13.91% |
| 1Y Return | 20.97% | 24.71% |
| 3Y Return (Ann) | 1.94% | 6.00% |
| 5Y Return (Ann) | 12.96% | 12.22% |
| 10Y Return (Ann) | 12.32% | 11.39% |
| Sharpe Ratio | 1.58 | 2.32 |
| Sortino Ratio | 2.23 | 3.34 |
| Omega Ratio | 1.28 | 1.41 |
| Calmar Ratio | 1.65 | 2.39 |
| Martin Ratio | 7.75 | 12.61 |
| Ulcer Index | 2.97% | 2.04% |
| Daily Std Dev | 14.56% | 11.09% |
| Max Drawdown | -58.16% | -33.37% |
| Current Drawdown | -3.08% | -2.36% |
Correlation
The correlation between QQEW and SCHD is 0.75, 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
QQEW vs. SCHD - Performance Comparison
In the year-to-date period, QQEW achieves a 6.71% return, which is significantly lower than SCHD's 13.91% return. Over the past 10 years, QQEW has outperformed SCHD with an annualized return of 12.32%, while SCHD has yielded a comparatively lower 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQEW vs. SCHD - Expense Ratio Comparison
QQEW has a 0.58% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
QQEW vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Schwab US Dividend Equity ETF (SCHD). 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
QQEW vs. SCHD - Dividend Comparison
QQEW's dividend yield for the trailing twelve months is around 0.72%, less than SCHD's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.72% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.61% | 1.05% | 0.46% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
QQEW vs. SCHD - Drawdown Comparison
The maximum QQEW drawdown since its inception was -58.16%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for QQEW and SCHD. For additional features, visit the drawdowns tool.
Volatility
QQEW vs. SCHD - Volatility Comparison
First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has a higher volatility of 3.71% compared to Schwab US Dividend Equity ETF (SCHD) at 2.75%. This indicates that QQEW's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.