QQQ vs. ARKW
Compare and contrast key facts about Invesco QQQ (QQQ) and ARK Next Generation Internet ETF (ARKW).
QQQ and ARKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ or ARKW.
Key characteristics
| QQQ | ARKW | |
|---|---|---|
| YTD Return | 4.29% | 0.03% |
| 1Y Return | 38.51% | 60.13% |
| 3Y Return (Ann) | 8.61% | -19.95% |
| 5Y Return (Ann) | 18.32% | 8.36% |
| Sharpe Ratio | 2.19 | 1.65 |
| Daily Std Dev | 16.38% | 33.32% |
| Max Drawdown | -82.98% | -80.01% |
| Current Drawdown | -4.45% | -58.38% |
Correlation
The correlation between QQQ and ARKW is 0.76, 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
QQQ vs. ARKW - Performance Comparison
In the year-to-date period, QQQ achieves a 4.29% return, which is significantly higher than ARKW's 0.03% 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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QQQ vs. ARKW - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than ARKW's 0.76% expense ratio.
Risk-Adjusted Performance
QQQ vs. ARKW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and ARK Next Generation Internet ETF (ARKW). 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
QQQ vs. ARKW - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.62%, while ARKW has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKW ARK Next Generation Internet ETF | 0.00% | 0.00% | 0.00% | 2.79% | 1.29% | 0.00% | 13.06% | 2.05% | 0.00% | 2.29% | 0.00% | 0.00% |
Drawdowns
QQQ vs. ARKW - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum ARKW drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for QQQ and ARKW. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. ARKW - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 4.84%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 8.13%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.