QQQA vs. QQQM
Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco NASDAQ 100 ETF (QQQM).
QQQA and QQQM 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. 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 QQQA 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: QQQA or QQQM.
Correlation
The correlation between QQQA and QQQM 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. QQQM - Performance Comparison
Key characteristics
QQQA:
0.94
QQQM:
1.27
QQQA:
1.34
QQQM:
1.74
QQQA:
1.18
QQQM:
1.23
QQQA:
1.09
QQQM:
1.71
QQQA:
3.13
QQQM:
5.90
QQQA:
7.48%
QQQM:
3.92%
QQQA:
25.02%
QQQM:
18.26%
QQQA:
-38.44%
QQQM:
-35.05%
QQQA:
-0.92%
QQQM:
-2.64%
Returns By Period
In the year-to-date period, QQQA achieves a 12.28% return, which is significantly higher than QQQM's 2.33% return.
QQQA
12.28%
9.87%
28.68%
19.58%
N/A
N/A
QQQM
2.33%
1.50%
16.54%
21.66%
N/A
N/A
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QQQA vs. QQQM - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
QQQA vs. QQQM — Risk-Adjusted Performance Rank
QQQA
QQQM
QQQA vs. QQQM - 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 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
QQQA vs. QQQM - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.08%, less than QQQM's 0.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.08% | 0.09% | 0.34% | 0.28% | 0.10% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.59% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
QQQA vs. QQQM - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QQQA and QQQM. For additional features, visit the drawdowns tool.
Volatility
QQQA vs. QQQM - Volatility Comparison
ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 6.61% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.45%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.