QQQJ vs. QLD
Compare and contrast key facts about Invesco NASDAQ Next Gen 100 ETF (QQQJ) and ProShares Ultra QQQ (QLD).
QQQJ and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both QQQJ and QLD 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 QLD.
Performance
QQQJ vs. QLD - Performance Comparison
Returns By Period
In the year-to-date period, QQQJ achieves a 15.41% return, which is significantly lower than QLD's 39.36% return.
QQQJ
15.41%
1.64%
10.00%
26.02%
N/A
N/A
QLD
39.36%
2.28%
16.39%
54.40%
31.30%
28.84%
Key characteristics
| QQQJ | QLD | |
|---|---|---|
| Sharpe Ratio | 1.64 | 1.51 |
| Sortino Ratio | 2.33 | 1.99 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 0.84 | 1.96 |
| Martin Ratio | 8.46 | 6.52 |
| Ulcer Index | 3.02% | 8.04% |
| Daily Std Dev | 15.57% | 34.82% |
| Max Drawdown | -39.58% | -83.13% |
| Current Drawdown | -12.16% | -4.45% |
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QQQJ vs. QLD - Expense Ratio Comparison
QQQJ has a 0.15% expense ratio, which is lower than QLD's 0.95% expense ratio.
Correlation
The correlation between QQQJ and QLD is 0.83, 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.
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.
Dividends
QQQJ vs. QLD - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.79%, more than QLD's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.79% | 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 | 0.27% | 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.
Volatility
QQQJ vs. QLD - Volatility Comparison
The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 5.18%, while ProShares Ultra QQQ (QLD) has a volatility of 11.37%. 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.