Correlation
The correlation between QQJG and FDL is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
QQJG vs. FDL
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
QQJG and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQJG is a passively managed fund by Invesco that tracks the performance of the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross. It was launched on Oct 27, 2021. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. Both QQJG and FDL 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: QQJG or FDL.
Performance
QQJG vs. FDL - Performance Comparison
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Key characteristics
QQJG:
0.38
FDL:
1.06
QQJG:
0.61
FDL:
1.46
QQJG:
1.08
FDL:
1.21
QQJG:
0.29
FDL:
1.30
QQJG:
1.10
FDL:
4.35
QQJG:
6.58%
FDL:
3.67%
QQJG:
23.25%
FDL:
15.30%
QQJG:
-36.76%
FDL:
-65.93%
QQJG:
-8.34%
FDL:
-3.90%
Returns By Period
In the year-to-date period, QQJG achieves a -1.03% return, which is significantly lower than FDL's 4.74% return.
QQJG
-1.03%
6.94%
-4.26%
8.12%
7.13%
N/A
N/A
FDL
4.74%
1.98%
-2.19%
13.68%
7.24%
15.66%
10.25%
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QQJG vs. FDL - Expense Ratio Comparison
QQJG has a 0.20% expense ratio, which is lower than FDL's 0.45% expense ratio.
Risk-Adjusted Performance
QQJG vs. FDL — Risk-Adjusted Performance Rank
QQJG
FDL
QQJG vs. FDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
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Dividends
QQJG vs. FDL - Dividend Comparison
QQJG's dividend yield for the trailing twelve months is around 0.58%, less than FDL's 4.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQJG Invesco ESG NASDAQ Next Gen 100 ETF | 0.58% | 0.65% | 0.54% | 0.70% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.83% | 4.96% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% |
Drawdowns
QQJG vs. FDL - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for QQJG and FDL.
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Volatility
QQJG vs. FDL - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) has a higher volatility of 6.23% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.13%. This indicates that QQJG's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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