QQEW vs. VOOG
Compare and contrast key facts about First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Vanguard S&P 500 Growth ETF (VOOG).
QQEW and VOOG 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. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 7, 2010. Both QQEW and VOOG 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 VOOG.
Key characteristics
| QQEW | VOOG | |
|---|---|---|
| YTD Return | 4.61% | 23.96% |
| 1Y Return | 16.06% | 32.06% |
| 3Y Return (Ann) | 2.59% | 7.31% |
| 5Y Return (Ann) | 13.35% | 16.57% |
| 10Y Return (Ann) | 12.32% | 14.49% |
| Sharpe Ratio | 1.03 | 1.90 |
| Daily Std Dev | 15.22% | 16.81% |
| Max Drawdown | -58.16% | -32.73% |
| Current Drawdown | -4.20% | -4.43% |
Correlation
The correlation between QQEW and VOOG 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
QQEW vs. VOOG - Performance Comparison
In the year-to-date period, QQEW achieves a 4.61% return, which is significantly lower than VOOG's 23.96% return. Over the past 10 years, QQEW has underperformed VOOG with an annualized return of 12.32%, while VOOG has yielded a comparatively higher 14.49% 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. VOOG - Expense Ratio Comparison
QQEW has a 0.58% expense ratio, which is higher than VOOG's 0.10% expense ratio.
Risk-Adjusted Performance
QQEW vs. VOOG - 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 Vanguard S&P 500 Growth ETF (VOOG). 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. VOOG - Dividend Comparison
QQEW's dividend yield for the trailing twelve months is around 0.75%, more than VOOG's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.75% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.61% | 1.05% | 0.46% |
VOOG Vanguard S&P 500 Growth ETF | 0.72% | 1.12% | 0.93% | 0.53% | 0.88% | 1.26% | 1.34% | 1.32% | 1.47% | 1.56% | 1.28% | 1.46% |
Drawdowns
QQEW vs. VOOG - Drawdown Comparison
The maximum QQEW drawdown since its inception was -58.16%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for QQEW and VOOG. For additional features, visit the drawdowns tool.
Volatility
QQEW vs. VOOG - Volatility Comparison
The current volatility for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) is 4.56%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 5.43%. This indicates that QQEW experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.