QQMG vs. QQQY
Compare and contrast key facts about Invesco ESG NASDAQ 100 ETF (QQMG) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
QQMG and QQQY 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. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQMG or QQQY.
Key characteristics
| QQMG | QQQY | |
|---|---|---|
| YTD Return | 19.99% | 9.72% |
| 1Y Return | 33.97% | 19.26% |
| Sharpe Ratio | 2.06 | 1.81 |
| Sortino Ratio | 2.71 | 2.10 |
| Omega Ratio | 1.36 | 1.32 |
| Calmar Ratio | 2.68 | 2.08 |
| Martin Ratio | 9.31 | 7.43 |
| Ulcer Index | 4.07% | 2.81% |
| Daily Std Dev | 18.38% | 11.57% |
| Max Drawdown | -35.44% | -10.07% |
| Current Drawdown | -4.18% | -2.84% |
Correlation
The correlation between QQMG and QQQY is 0.89, 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. QQQY - Performance Comparison
In the year-to-date period, QQMG achieves a 19.99% return, which is significantly higher than QQQY's 9.72% 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. QQQY - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Risk-Adjusted Performance
QQMG vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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. QQQY - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.55%, less than QQQY's 84.27% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.55% | 0.60% | 0.82% | 0.08% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 84.27% | 20.64% | 0.00% | 0.00% |
Drawdowns
QQMG vs. QQQY - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.44%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for QQMG and QQQY. For additional features, visit the drawdowns tool.
Volatility
QQMG vs. QQQY - Volatility Comparison
Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 4.63% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 3.67%. This indicates that QQMG's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.