QQQ vs. SMH
Compare and contrast key facts about Invesco QQQ (QQQ) and VanEck Vectors Semiconductor ETF (SMH).
QQQ and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both QQQ and SMH 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 SMH.
Correlation
The correlation between QQQ and SMH is 0.75, 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. SMH - Performance Comparison
Key characteristics
QQQ:
0.63
SMH:
0.12
QQQ:
1.04
SMH:
0.47
QQQ:
1.15
SMH:
1.06
QQQ:
0.70
SMH:
0.14
QQQ:
2.34
SMH:
0.34
QQQ:
6.84%
SMH:
14.97%
QQQ:
25.17%
SMH:
42.90%
QQQ:
-82.98%
SMH:
-83.29%
QQQ:
-9.80%
SMH:
-22.29%
Returns By Period
In the year-to-date period, QQQ achieves a -4.81% return, which is significantly higher than SMH's -10.14% return. Over the past 10 years, QQQ has underperformed SMH with an annualized return of 17.12%, while SMH has yielded a comparatively higher 24.10% annualized return.
QQQ
-4.81%
14.97%
0.29%
12.27%
18.10%
17.12%
SMH
-10.14%
20.36%
-10.52%
0.39%
27.93%
24.10%
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QQQ vs. SMH - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
QQQ vs. SMH — Risk-Adjusted Performance Rank
QQQ
SMH
QQQ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.62%, more than SMH's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.62% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
SMH VanEck Vectors Semiconductor ETF | 0.49% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
QQQ vs. SMH - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, roughly equal to the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for QQQ and SMH. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. SMH - Volatility Comparison
The current volatility for Invesco QQQ (QQQ) is 15.67%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 21.94%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.