QQQJ vs. AVMC

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Avantis U.S. Mid Cap Equity ETF (AVMC).

QQQJ and AVMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. AVMC is an actively managed fund by Avantis. It was launched on Nov 7, 2023.

Performance

QQQJ vs. AVMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Avantis U.S. Mid Cap Equity ETF (AVMC). The values are adjusted to include any dividend payments, if applicable.

QQQJ vs. AVMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQJ Invesco NASDAQ Next Gen 100 ETF	-0.15%	20.44%	15.36%	14.84%
AVMC Avantis U.S. Mid Cap Equity ETF	3.02%	9.98%	16.84%	15.39%

Returns By Period

In the year-to-date period, QQQJ achieves a -0.15% return, which is significantly lower than AVMC's 3.02% return.

QQQJ

• 1D: 1.46%
• 1M: -3.62%
• YTD: -0.15%
• 6M: 2.36%
• 1Y: 27.61%
• 3Y*: 13.86%
• 5Y*: 3.43%
• 10Y*: —

AVMC

• 1D: 0.54%
• 1M: -4.87%
• YTD: 3.02%
• 6M: 4.94%
• 1Y: 18.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQJ vs. AVMC - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than AVMC's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

AVMC

Avantis U.S. Mid Cap Equity ETF

QQQJ

Invesco NASDAQ Next Gen 100 ETF

Return for Risk

QQQJ vs. AVMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQJ

QQQJ Risk / Return Rank: 71
QQQJ Sharpe Ratio Rank: 68
QQQJ Sortino Ratio Rank: 69
QQQJ Omega Ratio Rank: 66
QQQJ Calmar Ratio Rank: 75
QQQJ Martin Ratio Rank: 76

AVMC

AVMC Risk / Return Rank: 51
AVMC Sharpe Ratio Rank: 48
AVMC Sortino Ratio Rank: 50
AVMC Omega Ratio Rank: 49
AVMC Calmar Ratio Rank: 50
AVMC Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQJ vs. AVMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Avantis U.S. Mid Cap Equity ETF (AVMC). 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.

	QQQJ	AVMC	Difference
Sharpe ratio Return per unit of total volatility	1.24	0.92	+0.32
Sortino ratio Return per unit of downside risk	1.80	1.40	+0.40
Omega ratio Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio Return relative to maximum drawdown	2.06	1.37	+0.68
Martin ratio Return relative to average drawdown	8.43	6.06	+2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQJ vs. AVMC - Sharpe Ratio Comparison

The current QQQJ Sharpe Ratio is 1.24, which is higher than the AVMC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of QQQJ and AVMC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQJ	AVMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	0.92	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.14	-0.83

Correlation

The correlation between QQQJ and AVMC is 0.87, 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.

Dividends

QQQJ vs. AVMC - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.88%, less than AVMC's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.88%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%
AVMC Avantis U.S. Mid Cap Equity ETF	1.03%	1.12%	1.02%	0.24%	0.00%	0.00%	0.00%

Drawdowns

QQQJ vs. AVMC - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.57%, which is greater than AVMC's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for QQQJ and AVMC.

Drawdown Indicators

	QQQJ	AVMC	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-21.84%	-17.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-13.43%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	—	—
Current Drawdown Current decline from peak	-6.66%	-5.12%	-1.54%
Average Drawdown Average peak-to-trough decline	-16.19%	-3.36%	-12.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.05%	+0.25%

Volatility

QQQJ vs. AVMC - Volatility Comparison

Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a higher volatility of 8.53% compared to Avantis U.S. Mid Cap Equity ETF (AVMC) at 5.45%. This indicates that QQQJ's price experiences larger fluctuations and is considered to be riskier than AVMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQJ	AVMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	5.45%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	10.60%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	19.64%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	17.22%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	17.22%	+4.89%