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QQQJ vs. QLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QQQJ and QLD is 0.82, 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.


-0.50.00.51.00.8

Performance

QQQJ vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
13.05%
11.41%
QQQJ
QLD

Key characteristics

Sharpe Ratio

QQQJ:

1.27

QLD:

1.44

Sortino Ratio

QQQJ:

1.83

QLD:

1.91

Omega Ratio

QQQJ:

1.22

QLD:

1.26

Calmar Ratio

QQQJ:

0.72

QLD:

1.97

Martin Ratio

QQQJ:

6.43

QLD:

6.36

Ulcer Index

QQQJ:

3.07%

QLD:

8.10%

Daily Std Dev

QQQJ:

15.57%

QLD:

35.75%

Max Drawdown

QQQJ:

-39.58%

QLD:

-83.13%

Current Drawdown

QQQJ:

-10.94%

QLD:

-7.32%

Returns By Period

In the year-to-date period, QQQJ achieves a 17.02% return, which is significantly lower than QLD's 46.97% return.


QQQJ

YTD

17.02%

1M

1.39%

6M

13.05%

1Y

17.58%

5Y*

N/A

10Y*

N/A

QLD

YTD

46.97%

1M

5.46%

6M

11.40%

1Y

48.10%

5Y*

30.20%

10Y*

29.38%

Compare stocks, funds, or ETFs

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


QQQJ vs. QLD - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than QLD's 0.95% expense ratio.


QLD
ProShares Ultra QQQ
Expense ratio chart for QLD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QQQJ: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

QQQJ vs. QLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and ProShares Ultra QQQ (QLD). 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.


Sharpe ratio
The chart of Sharpe ratio for QQQJ, currently valued at 1.27, compared to the broader market0.002.004.001.271.44
The chart of Sortino ratio for QQQJ, currently valued at 1.83, compared to the broader market-2.000.002.004.006.008.0010.001.831.91
The chart of Omega ratio for QQQJ, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.26
The chart of Calmar ratio for QQQJ, currently valued at 0.72, compared to the broader market0.005.0010.0015.000.721.97
The chart of Martin ratio for QQQJ, currently valued at 6.43, compared to the broader market0.0020.0040.0060.0080.00100.006.436.36
QQQJ
QLD

The current QQQJ Sharpe Ratio is 1.27, which is comparable to the QLD Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of QQQJ and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.27
1.44
QQQJ
QLD

Dividends

QQQJ vs. QLD - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.64%, more than QLD's 0.19% yield.


TTM20232022202120202019201820172016201520142013
QQQJ
Invesco NASDAQ Next Gen 100 ETF
0.64%0.67%0.75%0.91%0.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QLD
ProShares Ultra QQQ
0.19%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.90%0.11%0.19%0.13%

Drawdowns

QQQJ vs. QLD - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.58%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for QQQJ and QLD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-10.94%
-7.32%
QQQJ
QLD

Volatility

QQQJ vs. QLD - Volatility Comparison

The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 4.80%, while ProShares Ultra QQQ (QLD) has a volatility of 10.67%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
4.80%
10.67%
QQQJ
QLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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