QQMG vs. QQEW
Compare and contrast key facts about Invesco ESG NASDAQ 100 ETF (QQMG) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW).
QQMG and QQEW 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. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006. Both QQMG and QQEW 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 QQEW.
Performance
QQMG vs. QQEW - Performance Comparison
Returns By Period
In the year-to-date period, QQMG achieves a 24.82% return, which is significantly higher than QQEW's 11.74% return.
QQMG
24.82%
3.19%
10.46%
30.98%
N/A
N/A
QQEW
11.74%
4.45%
6.55%
21.07%
13.85%
12.48%
Key characteristics
| QQMG | QQEW | |
|---|---|---|
| Sharpe Ratio | 1.68 | 1.44 |
| Sortino Ratio | 2.25 | 2.01 |
| Omega Ratio | 1.30 | 1.25 |
| Calmar Ratio | 2.19 | 2.03 |
| Martin Ratio | 7.55 | 7.03 |
| Ulcer Index | 4.10% | 3.00% |
| Daily Std Dev | 18.45% | 14.64% |
| Max Drawdown | -35.44% | -58.16% |
| Current Drawdown | -1.67% | -0.13% |
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QQMG vs. QQEW - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is lower than QQEW's 0.58% expense ratio.
Correlation
The correlation between QQMG and QQEW is 0.93, 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.
Risk-Adjusted Performance
QQMG vs. QQEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). 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. QQEW - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.53%, less than QQEW's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.53% | 0.60% | 0.83% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.68% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.62% | 1.05% | 0.46% |
Drawdowns
QQMG vs. QQEW - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.44%, smaller than the maximum QQEW drawdown of -58.16%. Use the drawdown chart below to compare losses from any high point for QQMG and QQEW. For additional features, visit the drawdowns tool.
Volatility
QQMG vs. QQEW - Volatility Comparison
Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 5.64% compared to First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) at 4.98%. This indicates that QQMG's price experiences larger fluctuations and is considered to be riskier than QQEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.