QQJG vs. QQQJ
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
QQJG and QQQJ 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. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. Both QQJG and QQQJ 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 QQQJ.
Correlation
The correlation between QQJG and QQQJ is 0.96, 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
QQJG vs. QQQJ - Performance Comparison
Key characteristics
QQJG:
0.88
QQQJ:
1.11
QQJG:
1.31
QQQJ:
1.60
QQJG:
1.16
QQQJ:
1.20
QQJG:
0.73
QQQJ:
0.68
QQJG:
4.06
QQQJ:
5.40
QQJG:
3.50%
QQQJ:
3.12%
QQJG:
16.09%
QQQJ:
15.19%
QQJG:
-36.76%
QQQJ:
-39.58%
QQJG:
-4.52%
QQQJ:
-9.14%
Returns By Period
In the year-to-date period, QQJG achieves a 3.08% return, which is significantly lower than QQQJ's 3.50% return.
QQJG
3.08%
-1.65%
7.34%
12.09%
N/A
N/A
QQQJ
3.50%
-1.11%
10.01%
14.84%
N/A
N/A
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QQJG vs. QQQJ - Expense Ratio Comparison
QQJG has a 0.20% expense ratio, which is higher than QQQJ's 0.15% 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. QQQJ — Risk-Adjusted Performance Rank
QQJG
QQQJ
QQJG vs. QQQJ - 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 NASDAQ Next Gen 100 ETF (QQQJ). 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
QQJG vs. QQQJ - Dividend Comparison
QQJG's dividend yield for the trailing twelve months is around 0.63%, less than QQQJ's 0.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
QQJG Invesco ESG NASDAQ Next Gen 100 ETF | 0.63% | 0.65% | 0.54% | 0.70% | 0.08% | 0.00% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.74% | 0.76% | 0.67% | 0.75% | 0.91% | 0.09% |
Drawdowns
QQJG vs. QQQJ - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum QQQJ drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for QQJG and QQQJ. For additional features, visit the drawdowns tool.
Volatility
QQJG vs. QQQJ - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ) have volatilities of 4.03% and 4.18%, 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.