Correlation
The correlation between QQQJ and PSCT is 0.81, 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.
QQQJ vs. PSCT
Compare and contrast key facts about Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Invesco S&P SmallCap Information Technology ETF (PSCT).
QQQJ and PSCT 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. PSCT is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Information Technology Index. It was launched on Apr 7, 2010. Both QQQJ and PSCT 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: QQQJ or PSCT.
Performance
QQQJ vs. PSCT - Performance Comparison
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Key characteristics
QQQJ:
0.55
PSCT:
-0.30
QQQJ:
0.81
PSCT:
-0.27
QQQJ:
1.11
PSCT:
0.97
QQQJ:
0.38
PSCT:
-0.29
QQQJ:
1.64
PSCT:
-0.81
QQQJ:
6.32%
PSCT:
12.69%
QQQJ:
22.05%
PSCT:
31.52%
QQQJ:
-39.58%
PSCT:
-40.44%
QQQJ:
-12.84%
PSCT:
-18.52%
Returns By Period
In the year-to-date period, QQQJ achieves a -0.72% return, which is significantly higher than PSCT's -10.89% return.
QQQJ
-0.72%
3.66%
-4.45%
11.40%
7.05%
N/A
N/A
PSCT
-10.89%
4.29%
-15.83%
-9.39%
0.38%
8.79%
9.28%
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QQQJ vs. PSCT - Expense Ratio Comparison
QQQJ has a 0.15% expense ratio, which is lower than PSCT's 0.29% expense ratio.
Risk-Adjusted Performance
QQQJ vs. PSCT — Risk-Adjusted Performance Rank
QQQJ
PSCT
QQQJ vs. PSCT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Invesco S&P SmallCap Information Technology ETF (PSCT). 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.
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Dividends
QQQJ vs. PSCT - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.70%, while PSCT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.70% | 0.76% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCT Invesco S&P SmallCap Information Technology ETF | 0.00% | 0.01% | 0.02% | 0.00% | 0.01% | 0.08% | 0.22% | 0.47% | 0.19% | 0.25% | 0.15% | 0.13% |
Drawdowns
QQQJ vs. PSCT - Drawdown Comparison
The maximum QQQJ drawdown since its inception was -39.58%, roughly equal to the maximum PSCT drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for QQQJ and PSCT.
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Volatility
QQQJ vs. PSCT - Volatility Comparison
The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 5.61%, while Invesco S&P SmallCap Information Technology ETF (PSCT) has a volatility of 8.04%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than PSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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