QQJG vs. XLG

Last updated Jun 5, 2026

QQJG (Invesco ESG NASDAQ Next Gen 100 ETF) and XLG (Invesco S&P 500 Top 50 ETF) are both exchange-traded funds - QQJG is a Mid Cap Growth Equities fund tracking the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Both are passively managed. Over the past 3 years, QQJG returned 14.26%/yr vs 24.70%/yr for XLG. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

QQJG vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQJG achieves a 1.44% return, which is significantly lower than XLG's 8.03% return.

QQJG

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.44%
• 6M: 1.43%
• 1Y: 18.67%
• 3Y*: 14.26%
• 5Y*: —
• 10Y*: —

XLG

• 1D: 0.42%
• 1M: 4.19%
• YTD: 8.03%
• 6M: 7.64%
• 1Y: 28.88%
• 3Y*: 24.70%
• 5Y*: 16.34%
• 10Y*: 17.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQJG vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	1.44%	18.05%	14.67%	17.20%	-27.69%	0.91%
XLG Invesco S&P 500 Top 50 ETF	8.03%	19.51%	33.49%	38.16%	-24.29%	5.09%

Correlation

The correlation between QQJG and XLG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.75

Over the past year, the correlation between QQJG and XLG has dropped to 0.48 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

QQJG vs. XLG - Sectors Allocation Comparison

Sectors	QQJG	XLG
Technology	44.5%	43.9%
Healthcare	18.2%	7.0%
Consumer Cyclical	14.3%	11.3%
Industrials	6.4%	1.9%
Communication Services	6.2%	17.1%
Consumer Defensive	3.4%	5.8%
Basic Materials	2.5%	0.6%
Energy	1.6%	2.7%
Financial Services	0.1%	9.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

QQJG vs. XLG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQJG

QQJG Risk / Return Rank: 44
QQJG Sharpe Ratio Rank: 38
QQJG Sortino Ratio Rank: 38
QQJG Omega Ratio Rank: 45
QQJG Calmar Ratio Rank: 49
QQJG Martin Ratio Rank: 52

XLG

XLG Risk / Return Rank: 60
XLG Sharpe Ratio Rank: 67
XLG Sortino Ratio Rank: 65
XLG Omega Ratio Rank: 65
XLG Calmar Ratio Rank: 48
XLG Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQJG vs. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco S&P 500 Top 50 ETF (XLG). 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.

	QQJG	XLG	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.18	-0.83
Sortino ratio: Return per unit of downside risk	1.95	2.95	-1.00
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.10
Calmar ratio: Return relative to maximum drawdown	2.38	2.34	+0.05
Martin ratio: Return relative to average drawdown	8.74	8.77	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQJG vs. XLG - Sharpe Ratio Comparison

The current QQJG Sharpe Ratio is 1.35, which is lower than the XLG Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of QQJG and XLG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQJG	XLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	2.18	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.63	-0.46

Drawdowns

QQJG vs. XLG - Drawdown Comparison

The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for QQJG and XLG.

Drawdown Indicators

	QQJG	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-36.76%	-52.39%	+15.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-12.41%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-20.70%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.46%	—
Current Drawdown Current decline from peak	-2.09%	-1.02%	-1.07%
Average Drawdown Average peak-to-trough decline	-15.31%	-7.64%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	3.30%	-1.15%

Volatility

QQJG vs. XLG - Volatility Comparison

The current volatility for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) is 0.00%, while Invesco S&P 500 Top 50 ETF (XLG) has a volatility of 3.19%. This indicates that QQJG experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQJG	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.19%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	9.81%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	13.32%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	18.68%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	18.84%	+2.86%

QQJG vs. XLG - Expense Ratio Comparison

Both QQJG and XLG 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%.

Dividends

QQJG vs. XLG - Dividend Comparison

QQJG's dividend yield for the trailing twelve months is around 13.86%, more than XLG's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	13.86%	0.68%	0.65%	0.54%	0.70%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLG Invesco S&P 500 Top 50 ETF	0.60%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both QQJG and XLG in my portfolio?

QQJG and XLG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQJG or XLG?

XLG has higher volatility (3.19%) compared to QQJG (0.00%). In terms of maximum drawdown, QQJG dropped -36.76% vs XLG's -52.39%.

Which ETF is better, QQJG or XLG?

On 3-year performance, XLG leads with 24.70% vs 14.26% for QQJG. Both ETFs have the same 0.20% expense ratio. On volatility, QQJG has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQJG or XLG?

Over the 3-year period, XLG has performed better with a 24.70% return vs 14.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQJG or XLG?

QQJG and XLG have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, QQJG or XLG?

QQJG has the higher dividend yield at 13.86%, compared with 0.60% for XLG.

What is the main difference between QQJG and XLG?

QQJG is categorized as Mid Cap Growth Equities, while XLG is S&P 500. QQJG tracks Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross, while XLG tracks S&P 500 Top 50 Index.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (2.18 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.