QQMG vs. QQJG

Last updated Jun 4, 2026

QQMG (Invesco ESG NASDAQ 100 ETF) and QQJG (Invesco ESG NASDAQ Next Gen 100 ETF) are both exchange-traded funds - QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index, while QQJG is a Mid Cap Growth Equities fund tracking the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, QQMG returned 29.63%/yr vs 14.09%/yr for QQJG. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

QQMG vs. QQJG - Performance Comparison

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

Returns By Period

In the year-to-date period, QQMG achieves a 21.86% return, which is significantly higher than QQJG's 1.44% return.

QQMG

• 1D: -0.41%
• 1M: 11.51%
• YTD: 21.86%
• 6M: 20.50%
• 1Y: 44.32%
• 3Y*: 29.63%
• 5Y*: —
• 10Y*: —

QQJG

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.44%
• 6M: 1.92%
• 1Y: 18.92%
• 3Y*: 14.09%
• 5Y*: —
• 10Y*: —

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

QQMG vs. QQJG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQMG Invesco ESG NASDAQ 100 ETF	21.86%	22.16%	25.66%	55.00%	-31.56%	5.01%
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	1.44%	18.05%	14.67%	17.20%	-27.69%	-0.26%

Correlation

The correlation between QQMG and QQJG is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021	0.78

Over the past year, the correlation between QQMG and QQJG has dropped to 0.51 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

QQMG vs. QQJG - Sectors Allocation Comparison

Sectors	QQMG	QQJG
Technology	62.1%	44.5%
Communication Services	13.0%	6.2%
Consumer Cyclical	11.5%	14.3%
Consumer Defensive	6.0%	3.4%
Healthcare	3.5%	18.2%
Industrials	2.1%	6.4%
Basic Materials	1.4%	2.5%
Utilities	0.2%	-
Financial Services	0.2%	0.1%
Real Estate	0.1%	-
Energy	-	1.6%

Return for Risk

QQMG vs. QQJG — Risk / Return Rank

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

QQMG

QQMG Risk / Return Rank: 74
QQMG Sharpe Ratio Rank: 80
QQMG Sortino Ratio Rank: 75
QQMG Omega Ratio Rank: 74
QQMG Calmar Ratio Rank: 70
QQMG Martin Ratio Rank: 70

QQJG

QQJG Risk / Return Rank: 45
QQJG Sharpe Ratio Rank: 39
QQJG Sortino Ratio Rank: 38
QQJG Omega Ratio Rank: 46
QQJG Calmar Ratio Rank: 49
QQJG Martin Ratio Rank: 53

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.

QQMG vs. QQJG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG). 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.

	QQMG	QQJG	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.37	+1.29
Sortino ratio: Return per unit of downside risk	3.43	1.97	+1.46
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	3.51	2.42	+1.10
Martin ratio: Return relative to average drawdown	13.08	8.87	+4.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQMG vs. QQJG - Sharpe Ratio Comparison

The current QQMG Sharpe Ratio is 2.66, which is higher than the QQJG Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of QQMG and QQJG, 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

	QQMG	QQJG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	1.37	+1.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.17	+0.57

Drawdowns

QQMG vs. QQJG - Drawdown Comparison

The maximum QQMG drawdown since its inception was -35.43%, roughly equal to the maximum QQJG drawdown of -36.76%. Use the drawdown chart below to compare losses from any high point for QQMG and QQJG.

Drawdown Indicators

	QQMG	QQJG	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-36.76%	+1.33%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-7.93%	-4.74%
Max Drawdown (3Y) Largest decline over 3 years	-22.79%	-23.48%	+0.69%
Current Drawdown Current decline from peak	-0.41%	-2.09%	+1.68%
Average Drawdown Average peak-to-trough decline	-9.61%	-15.32%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	2.15%	+1.25%

Volatility

QQMG vs. QQJG - Volatility Comparison

Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 4.76% compared to Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) at 0.00%. This indicates that QQMG's price experiences larger fluctuations and is considered to be riskier than QQJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQMG	QQJG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	0.00%	+4.76%
Volatility (6M) Calculated over the trailing 6-month period	12.90%	8.32%	+4.58%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	14.05%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	21.70%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	21.70%	+1.90%

QQMG vs. QQJG - Expense Ratio Comparison

Both QQMG and QQJG 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

QQMG vs. QQJG - Dividend Comparison

QQMG's dividend yield for the trailing twelve months is around 0.34%, less than QQJG's 13.86% yield.

Position	TTM	2025	2024	2023	2022	2021
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	13.86%	0.68%	0.65%	0.54%	0.70%	0.08%
QQMG Invesco ESG NASDAQ 100 ETF	0.34%	0.41%	0.50%	0.60%	0.82%	0.08%

Frequently Asked Questions

Can I hold both QQMG and QQJG in my portfolio?

QQMG and QQJG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQMG or QQJG?

QQMG has higher volatility (4.76%) compared to QQJG (0.00%). In terms of maximum drawdown, QQMG dropped -35.43% vs QQJG's -36.76%.

Which ETF is better, QQMG or QQJG?

On 3-year performance, QQMG leads with 29.63% vs 14.09% 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, QQMG or QQJG?

Over the 3-year period, QQMG has performed better with a 29.63% return vs 14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQMG or QQJG?

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

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

QQJG has the higher dividend yield at 13.86%, compared with 0.34% for QQMG.

What is the main difference between QQMG and QQJG?

QQMG is categorized as Nasdaq-100, while QQJG is Mid Cap Growth Equities. QQMG tracks Nasdaq-100 ESG Total Return Index, while QQJG tracks Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (2.66 vs 1.37), 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.