Correlation
The correlation between QQJG and QQQ 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. QQQ
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco QQQ (QQQ).
QQJG and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQJG and QQQ 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 QQQ.
Performance
QQJG vs. QQQ - Performance Comparison
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Key characteristics
QQJG:
0.38
QQQ:
0.62
QQJG:
0.61
QQQ:
0.92
QQJG:
1.08
QQQ:
1.13
QQJG:
0.29
QQQ:
0.60
QQJG:
1.10
QQQ:
1.94
QQJG:
6.58%
QQQ:
7.02%
QQJG:
23.25%
QQQ:
25.59%
QQJG:
-36.76%
QQQ:
-82.98%
QQJG:
-8.34%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, QQJG achieves a -1.03% return, which is significantly lower than QQQ's 1.69% return.
QQJG
-1.03%
6.94%
-4.26%
8.12%
7.13%
N/A
N/A
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
Compare stocks, funds, or ETFs
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QQJG vs. QQQ - Expense Ratio Comparison
Both QQJG and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQJG vs. QQQ — Risk-Adjusted Performance Rank
QQJG
QQQ
QQJG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QQJG's dividend yield for the trailing twelve months is around 0.58%, which matches QQQ's 0.58% 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% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QQJG vs. QQQ - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQJG and QQQ.
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Volatility
QQJG vs. QQQ - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) has a higher volatility of 6.23% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that QQJG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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