QQQJ vs. DOW
Compare and contrast key facts about Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Dow Inc. (DOW).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQJ or DOW.
Key characteristics
| QQQJ | DOW | |
|---|---|---|
| YTD Return | 16.98% | -14.79% |
| 1Y Return | 28.82% | -7.21% |
| 3Y Return (Ann) | -3.60% | -4.46% |
| Sharpe Ratio | 2.09 | -0.19 |
| Sortino Ratio | 2.93 | -0.13 |
| Omega Ratio | 1.35 | 0.98 |
| Calmar Ratio | 1.06 | -0.14 |
| Martin Ratio | 11.04 | -0.48 |
| Ulcer Index | 2.98% | 7.85% |
| Daily Std Dev | 15.77% | 20.21% |
| Max Drawdown | -39.58% | -60.87% |
| Current Drawdown | -10.97% | -27.56% |
Correlation
The correlation between QQQJ and DOW is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQJ vs. DOW - Performance Comparison
In the year-to-date period, QQQJ achieves a 16.98% return, which is significantly higher than DOW's -14.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
QQQJ vs. DOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Dow Inc. (DOW). 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
QQQJ vs. DOW - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.78%, less than DOW's 6.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.78% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% |
DOW Dow Inc. | 6.22% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% |
Drawdowns
QQQJ vs. DOW - Drawdown Comparison
The maximum QQQJ drawdown since its inception was -39.58%, smaller than the maximum DOW drawdown of -60.87%. Use the drawdown chart below to compare losses from any high point for QQQJ and DOW. For additional features, visit the drawdowns tool.
Volatility
QQQJ vs. DOW - Volatility Comparison
The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 4.74%, while Dow Inc. (DOW) has a volatility of 6.76%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than DOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.