Correlation
The correlation between QQJG and MGK is 0.87, 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.
QQJG vs. MGK
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Vanguard Mega Cap Growth ETF (MGK).
QQJG and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both QQJG and MGK 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 MGK.
Performance
QQJG vs. MGK - Performance Comparison
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Key characteristics
QQJG:
0.38
MGK:
0.72
QQJG:
0.61
MGK:
1.04
QQJG:
1.08
MGK:
1.14
QQJG:
0.29
MGK:
0.69
QQJG:
1.10
MGK:
2.29
QQJG:
6.58%
MGK:
7.05%
QQJG:
23.25%
MGK:
26.04%
QQJG:
-36.76%
MGK:
-48.36%
QQJG:
-8.34%
MGK:
-3.53%
Returns By Period
In the year-to-date period, QQJG achieves a -1.03% return, which is significantly lower than MGK's 0.42% return.
QQJG
-1.03%
6.94%
-4.26%
8.12%
7.13%
N/A
N/A
MGK
0.42%
7.49%
1.56%
18.30%
20.72%
17.89%
16.06%
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QQJG vs. MGK - Expense Ratio Comparison
QQJG has a 0.20% expense ratio, which is higher than MGK's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQJG vs. MGK — Risk-Adjusted Performance Rank
QQJG
MGK
QQJG vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
QQJG's dividend yield for the trailing twelve months is around 0.58%, more than MGK's 0.44% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.44% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% |
Drawdowns
QQJG vs. MGK - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for QQJG and MGK.
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Volatility
QQJG vs. MGK - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Vanguard Mega Cap Growth ETF (MGK) have volatilities of 6.23% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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