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

Correlation

The correlation between QQQJ and QQQN is 0.95, 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.


-0.50.00.51.01.0

Performance

QQQJ vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
20.75%
13.98%
QQQJ
QQQN

Key characteristics

Returns By Period


QQQJ

YTD

17.02%

1M

1.39%

6M

13.05%

1Y

17.58%

5Y*

N/A

10Y*

N/A

QQQN

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

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QQQJ vs. QQQN - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than QQQN's 0.18% 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%.


QQQN
VictoryShares Nasdaq Next 50 ETF
Expense ratio chart for QQQN: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%
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. QQQN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and VictoryShares Nasdaq Next 50 ETF (QQQN). 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 market0.002.004.001.271.34
The chart of Sortino ratio for QQQJ, currently valued at 1.83, compared to the broader market-2.000.002.004.006.008.0010.001.831.96
The chart of Omega ratio for QQQJ, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.25
The chart of Calmar ratio for QQQJ, currently valued at 0.72, compared to the broader market0.005.0010.0015.000.720.72
The chart of Martin ratio for QQQJ, currently valued at 6.43, compared to the broader market0.0020.0040.0060.0080.00100.006.436.55
QQQJ
QQQN


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.27
1.34
QQQJ
QQQN

Dividends

QQQJ vs. QQQN - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.64%, while QQQN has not paid dividends to shareholders.


TTM2023202220212020
QQQJ
Invesco NASDAQ Next Gen 100 ETF
0.64%0.67%0.75%0.91%0.09%
QQQN
VictoryShares Nasdaq Next 50 ETF
0.74%0.64%0.90%0.33%0.13%

Drawdowns

QQQJ vs. QQQN - Drawdown Comparison


-25.00%-20.00%-15.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-10.94%
-12.15%
QQQJ
QQQN

Volatility

QQQJ vs. QQQN - Volatility Comparison

Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a higher volatility of 4.80% compared to VictoryShares Nasdaq Next 50 ETF (QQQN) at 0.00%. This indicates that QQQJ's price experiences larger fluctuations and is considered to be riskier than QQQN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.80%
0
QQQJ
QQQN
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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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