Correlation
The correlation between QQJG and ^NDX 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. ^NDX
Compare and contrast key facts about Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and NASDAQ 100 (^NDX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQJG or ^NDX.
Performance
QQJG vs. ^NDX - Performance Comparison
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Key characteristics
QQJG:
0.38
^NDX:
0.59
QQJG:
0.61
^NDX:
0.89
QQJG:
1.08
^NDX:
1.12
QQJG:
0.29
^NDX:
0.57
QQJG:
1.10
^NDX:
1.85
QQJG:
6.58%
^NDX:
7.08%
QQJG:
23.25%
^NDX:
25.69%
QQJG:
-36.76%
^NDX:
-82.90%
QQJG:
-8.34%
^NDX:
-3.76%
Returns By Period
In the year-to-date period, QQJG achieves a -1.03% return, which is significantly lower than ^NDX's 1.56% return.
QQJG
-1.03%
6.94%
-4.26%
8.12%
7.13%
N/A
N/A
^NDX
1.56%
7.86%
1.96%
15.13%
19.07%
17.43%
16.82%
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Risk-Adjusted Performance
QQJG vs. ^NDX — Risk-Adjusted Performance Rank
QQJG
^NDX
QQJG vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and NASDAQ 100 (^NDX). 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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Drawdowns
QQJG vs. ^NDX - Drawdown Comparison
The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for QQJG and ^NDX.
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Volatility
QQJG vs. ^NDX - Volatility Comparison
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) has a higher volatility of 6.23% compared to NASDAQ 100 (^NDX) at 5.59%. This indicates that QQJG's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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