QQQ vs. QQQM
Compare and contrast key facts about Invesco QQQ (QQQ) and Invesco NASDAQ 100 ETF (QQQM).
QQQ and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both QQQ and QQQM 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 QQQM.
Key characteristics
| QQQ | QQQM | |
|---|---|---|
| YTD Return | 3.78% | 3.83% |
| 1Y Return | 37.01% | 37.19% |
| 3Y Return (Ann) | 8.20% | 8.29% |
| Sharpe Ratio | 2.33 | 2.33 |
| Daily Std Dev | 16.27% | 16.30% |
| Max Drawdown | -82.98% | -35.05% |
| Current Drawdown | -4.91% | -4.87% |
Correlation
The correlation between QQQ and QQQM is 1.00, 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. QQQM - Performance Comparison
The year-to-date returns for both investments are quite close, with QQQ having a 3.78% return and QQQM slightly higher at 3.83%. 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. QQQM - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is higher than QQQM'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. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.62%, less than QQQM's 0.68% yield.
| 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% |
QQQM Invesco NASDAQ 100 ETF | 0.68% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQ vs. QQQM - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QQQ and QQQM. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. QQQM - Volatility Comparison
Invesco QQQ (QQQ) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.84% and 4.86%, 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.