QQQ vs. MTUM
Compare and contrast key facts about Invesco QQQ (QQQ) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
QQQ and MTUM 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. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013. Both QQQ and MTUM 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: QQQ or MTUM.
Correlation
The correlation between QQQ and MTUM is 0.86, 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. MTUM - Performance Comparison
Key characteristics
QQQ:
0.63
MTUM:
0.93
QQQ:
1.03
MTUM:
1.38
QQQ:
1.14
MTUM:
1.20
QQQ:
0.70
MTUM:
1.11
QQQ:
2.32
MTUM:
3.86
QQQ:
6.82%
MTUM:
6.04%
QQQ:
25.22%
MTUM:
25.01%
QQQ:
-82.98%
MTUM:
-34.08%
QQQ:
-9.26%
MTUM:
-5.46%
Returns By Period
In the year-to-date period, QQQ achieves a -4.24% return, which is significantly lower than MTUM's 4.84% return. Over the past 10 years, QQQ has outperformed MTUM with an annualized return of 17.34%, while MTUM has yielded a comparatively lower 13.35% annualized return.
QQQ
-4.24%
15.65%
0.60%
12.94%
18.38%
17.34%
MTUM
4.84%
19.44%
7.93%
21.26%
13.93%
13.35%
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QQQ vs. MTUM - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is higher than MTUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQQ vs. MTUM — Risk-Adjusted Performance Rank
QQQ
MTUM
QQQ vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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. MTUM - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.61%, less than MTUM's 0.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.88% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% |
Drawdowns
QQQ vs. MTUM - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for QQQ and MTUM. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. MTUM - Volatility Comparison
Invesco QQQ (QQQ) has a higher volatility of 16.72% compared to iShares Edge MSCI USA Momentum Factor ETF (MTUM) at 15.83%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.