QQMG vs. 500G.L
Compare and contrast key facts about Invesco ESG NASDAQ 100 ETF (QQMG) and Amundi S&P 500 UCITS ETF C USD (500G.L).
QQMG and 500G.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQMG is a passively managed fund by Invesco that tracks the performance of the Nasdaq-100 ESG Total Return Index. It was launched on Oct 27, 2021. 500G.L is a passively managed fund by Amundi that tracks the performance of the Russell 1000 TR USD. It was launched on Mar 22, 2018. Both QQMG and 500G.L 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: QQMG or 500G.L.
Key characteristics
| QQMG | 500G.L | |
|---|---|---|
| YTD Return | 16.17% | 14.55% |
| 1Y Return | 29.39% | 20.93% |
| Sharpe Ratio | 1.57 | 1.78 |
| Daily Std Dev | 18.59% | 11.42% |
| Max Drawdown | -35.44% | -25.52% |
| Current Drawdown | -7.24% | -2.08% |
Correlation
The correlation between QQMG and 500G.L is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQMG vs. 500G.L - Performance Comparison
In the year-to-date period, QQMG achieves a 16.17% return, which is significantly higher than 500G.L's 14.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQMG vs. 500G.L - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is higher than 500G.L's 0.05% 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
QQMG vs. 500G.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and Amundi S&P 500 UCITS ETF C USD (500G.L). 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
QQMG vs. 500G.L - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.43%, while 500G.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.43% | 0.60% | 0.82% | 0.08% |
500G.L Amundi S&P 500 UCITS ETF C USD | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQMG vs. 500G.L - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.44%, which is greater than 500G.L's maximum drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for QQMG and 500G.L. For additional features, visit the drawdowns tool.
Volatility
QQMG vs. 500G.L - Volatility Comparison
Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 6.15% compared to Amundi S&P 500 UCITS ETF C USD (500G.L) at 4.44%. This indicates that QQMG's price experiences larger fluctuations and is considered to be riskier than 500G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.