QQQA vs. QQQ
Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco QQQ (QQQ).
QQQA and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQQA and QQQ 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: QQQA or QQQ.
Correlation
The correlation between QQQA and QQQ is 0.89, 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
QQQA vs. QQQ - Performance Comparison
Key characteristics
QQQA:
0.92
QQQ:
1.27
QQQA:
1.32
QQQ:
1.74
QQQA:
1.17
QQQ:
1.23
QQQA:
1.07
QQQ:
1.71
QQQA:
3.07
QQQ:
5.92
QQQA:
7.48%
QQQ:
3.93%
QQQA:
25.09%
QQQ:
18.36%
QQQA:
-38.44%
QQQ:
-82.98%
QQQA:
0.00%
QQQ:
-1.50%
Returns By Period
In the year-to-date period, QQQA achieves a 14.32% return, which is significantly higher than QQQ's 3.52% return.
QQQA
14.32%
12.30%
31.18%
20.34%
N/A
N/A
QQQ
3.52%
4.35%
17.61%
21.82%
18.54%
18.34%
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QQQA vs. QQQ - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QQQA vs. QQQ — Risk-Adjusted Performance Rank
QQQA
QQQ
QQQA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco QQQ (QQQ). 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
QQQA vs. QQQ - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.08%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.08% | 0.09% | 0.34% | 0.28% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QQQA vs. QQQ - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQA and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQA vs. QQQ - Volatility Comparison
ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 6.71% compared to Invesco QQQ (QQQ) at 5.60%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.