PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
QQQA vs. QQQM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

QQQA vs. QQQM

Last updated May 10, 2025

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 0.86, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

QQQA:

-0.07

QQQM:

0.46

Sortino Ratio

QQQA:

0.16

QQQM:

0.82

Omega Ratio

QQQA:

1.02

QQQM:

1.11

Calmar Ratio

QQQA:

-0.05

QQQM:

0.51

Martin Ratio

QQQA:

-0.12

QQQM:

1.67

Ulcer Index

QQQA:

12.11%

QQQM:

6.95%

Daily Std Dev

QQQA:

32.20%

QQQM:

24.84%

Max Drawdown

QQQA:

-38.44%

QQQM:

-35.05%

Current Drawdown

QQQA:

-21.26%

QQQM:

-9.37%

Returns By Period

In the year-to-date period, QQQA achieves a -8.93% return, which is significantly lower than QQQM's -4.36% return.

QQQA

YTD

-8.93%

1M

-0.24%

6M

-10.45%

1Y

-2.35%

5Y*

N/A

10Y*

N/A

QQQM

YTD

-4.36%

1M

4.93%

6M

-4.75%

1Y

11.42%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

QQQA vs. QQQM - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is higher than QQQM's 0.15% expense ratio.

QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
QQQM
Invesco NASDAQ 100 ETF

Risk-Adjusted Performance

QQQA vs. QQQM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQA
The Risk-Adjusted Performance Rank of QQQA is 1818
Overall Rank
The Sharpe Ratio Rank of QQQA is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQA is 2020
Sortino Ratio Rank
The Omega Ratio Rank of QQQA is 2020
Omega Ratio Rank
The Calmar Ratio Rank of QQQA is 1616
Calmar Ratio Rank
The Martin Ratio Rank of QQQA is 1717
Martin Ratio Rank
QQQM
The Risk-Adjusted Performance Rank of QQQM is 5757
Overall Rank
The Sharpe Ratio Rank of QQQM is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQM is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQM is 5757
Omega Ratio Rank
The Calmar Ratio Rank of QQQM is 6363
Calmar Ratio Rank
The Martin Ratio Rank of QQQM is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current QQQA Sharpe Ratio is -0.07, which is lower than the QQQM Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of QQQA and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Dividends

QQQA vs. QQQM - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.05%, less than QQQM's 0.62% yield.

TTM20242023202220212020
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF		0.05%0.09%0.34%0.28%0.10%0.00%
QQQM
Invesco NASDAQ 100 ETF		0.62%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.

Loading data...

Volatility

QQQA vs. QQQM - Volatility Comparison

Loading data...