QQMG vs. QQQ
Compare and contrast key facts about Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco QQQ (QQQ).
QQMG and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQMG and QQQ 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 QQQ.
Key characteristics
| QQMG | QQQ | |
|---|---|---|
| YTD Return | 19.99% | 19.54% |
| 1Y Return | 33.97% | 33.47% |
| 3Y Return (Ann) | 8.83% | 7.72% |
| Sharpe Ratio | 2.06 | 2.17 |
| Sortino Ratio | 2.71 | 2.84 |
| Omega Ratio | 1.36 | 1.39 |
| Calmar Ratio | 2.68 | 2.77 |
| Martin Ratio | 9.31 | 10.10 |
| Ulcer Index | 4.07% | 3.71% |
| Daily Std Dev | 18.38% | 17.30% |
| Max Drawdown | -35.44% | -82.98% |
| Current Drawdown | -4.18% | -2.95% |
Correlation
The correlation between QQMG and QQQ is 0.99, 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.
Performance
QQMG vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with QQMG having a 19.99% return and QQQ slightly lower at 19.54%. 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. QQQ - Expense Ratio Comparison
Both QQMG and QQQ 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%.
Risk-Adjusted Performance
QQMG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.55%, less than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.55% | 0.60% | 0.82% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QQMG vs. QQQ - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQMG and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQMG vs. QQQ - Volatility Comparison
Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco QQQ (QQQ) have volatilities of 4.63% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.