QQQ vs. SWERX
Compare and contrast key facts about Invesco QQQ ETF (QQQ) and Schwab Target 2040 Fund (SWERX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. SWERX is managed by Charles Schwab. It was launched on Jun 30, 2005.
Performance
QQQ vs. SWERX - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a -4.65% return, which is significantly lower than SWERX's -0.56% return. Over the past 10 years, QQQ has outperformed SWERX with an annualized return of 19.05%, while SWERX has yielded a comparatively lower 9.39% annualized return.
QQQ
- 1D
- 0.11%
- 1M
- -3.81%
- YTD
- -4.65%
- 6M
- -2.77%
- 1Y
- 39.07%
- 3Y*
- 22.97%
- 5Y*
- 13.18%
- 10Y*
- 19.05%
SWERX
- 1D
- -0.05%
- 1M
- -2.49%
- YTD
- -0.56%
- 6M
- 1.26%
- 1Y
- 25.89%
- 3Y*
- 13.69%
- 5Y*
- 7.04%
- 10Y*
- 9.39%
QQQ vs. SWERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | -4.65% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
SWERX Schwab Target 2040 Fund | -0.56% | 17.71% | 12.74% | 19.06% | -18.57% | 15.65% | 14.44% | 23.01% | -9.11% | 20.48% |
Correlation
The correlation between QQQ and SWERX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
QQQ vs. SWERX - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is higher than SWERX's 0.00% 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%.
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Return for Risk
QQQ vs. SWERX — Risk / Return Rank
QQQ
SWERX
QQQ vs. SWERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Schwab Target 2040 Fund (SWERX). 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.
| QQQ | SWERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.25 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.82 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.83 | +0.10 |
Martin ratioReturn relative to average drawdown | 7.00 | 7.99 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | SWERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.25 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.47 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.64 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.51 | -0.13 |
Drawdowns
QQQ vs. SWERX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than SWERX's maximum drawdown of -48.24%. Use the drawdown chart below to compare losses from any high point for QQQ and SWERX.
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Drawdown Indicators
| QQQ | SWERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -48.24% | -34.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -8.08% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -30.40% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -30.40% | -4.72% |
Current DrawdownCurrent decline from peak | -7.75% | -5.17% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -32.98% | -7.20% | -25.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.15% | +1.33% |
Volatility
QQQ vs. SWERX - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 6.38% compared to Schwab Target 2040 Fund (SWERX) at 4.81%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than SWERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | SWERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 4.81% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 7.88% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 13.30% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 14.95% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 14.82% | +7.42% |
Dividends
QQQ vs. SWERX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.48%, less than SWERX's 7.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SWERX Schwab Target 2040 Fund | 7.23% | 7.19% | 5.00% | 3.83% | 8.31% | 6.96% | 3.33% | 7.69% | 8.57% | 4.13% | 6.76% | 10.85% |