QQQJ vs. SBLGX

Last updated Jul 14, 2026

QQQJ (Invesco NASDAQ Next Gen 100 ETF) and SBLGX (ClearBridge Large Cap Growth Fund) are both funds - QQQJ is a Mid Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index, while SBLGX is a Large Cap Growth Equities fund managed by Franklin Templeton. Over the past 5 years, QQQJ returned 6.73%/yr vs 8.60%/yr for SBLGX. Their correlation of 0.82 suggests significant overlap in exposure. QQQJ charges 0.15%/yr vs 0.99%/yr for SBLGX.

Performance

QQQJ vs. SBLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and ClearBridge Large Cap Growth Fund (SBLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQJ achieves a 21.16% return, which is significantly higher than SBLGX's 4.70% return.

QQQJ

• 1D: -1.07%
• 1M: 0.90%
• 6M: 14.19%
• YTD: 21.16%
• 1Y: 38.78%
• 3Y*: 19.75%
• 5Y*: 6.73%
• 10Y*: —

SBLGX

• 1D: 0.54%
• 1M: 3.82%
• 6M: 3.07%
• YTD: 4.70%
• 1Y: 7.76%
• 3Y*: 16.68%
• 5Y*: 8.60%
• 10Y*: 14.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQJ vs. SBLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	21.16%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.34%
SBLGX ClearBridge Large Cap Growth Fund	4.70%	8.44%	27.60%	45.00%	-32.96%	21.71%	3.32%

Correlation

The correlation between QQQJ and SBLGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.82

The correlation between QQQJ and SBLGX shifts across timeframes, from 0.70 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QQQJ vs. SBLGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQJ

QQQJ Risk / Return Rank: 80
QQQJ Sharpe Ratio Rank: 81
QQQJ Sortino Ratio Rank: 79
QQQJ Omega Ratio Rank: 76
QQQJ Calmar Ratio Rank: 79
QQQJ Martin Ratio Rank: 85

SBLGX

SBLGX Risk / Return Rank: 8
SBLGX Sharpe Ratio Rank: 8
SBLGX Sortino Ratio Rank: 8
SBLGX Omega Ratio Rank: 8
SBLGX Calmar Ratio Rank: 7
SBLGX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQJ vs. SBLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and ClearBridge Large Cap Growth Fund (SBLGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQJ	SBLGX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	0.46	+1.59
Sortino ratio: Return per unit of downside risk	2.77	0.72	+2.06
Omega ratio: Gain probability vs. loss probability	1.35	1.09	+0.26
Calmar ratio: Return relative to maximum drawdown	3.29	0.43	+2.86
Martin ratio: Return relative to average drawdown	13.55	1.28	+12.27

QQQJ vs. SBLGX - Sharpe Ratio Comparison

The current QQQJ Sharpe Ratio is 2.04, which is higher than the SBLGX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of QQQJ and SBLGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQJ vs. SBLGX - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.57%, smaller than the maximum SBLGX drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for QQQJ and SBLGX.

Drawdown Indicators

	QQQJ	SBLGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-53.64%	+14.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-16.95%	+5.11%
Max Drawdown (3Y) Largest decline over 3 years	-22.46%	-20.98%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	-38.28%	-1.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.28%	—
Current Drawdown Current decline from peak	-2.35%	-1.72%	-0.63%
Average Drawdown Average peak-to-trough decline	-15.49%	-12.88%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	5.71%	-2.84%

Volatility

QQQJ vs. SBLGX - Volatility Comparison

The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 5.19%, while ClearBridge Large Cap Growth Fund (SBLGX) has a volatility of 5.67%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than SBLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQJ	SBLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.67%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	15.53%	12.90%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	16.04%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	21.31%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	20.47%	+1.58%

QQQJ vs. SBLGX - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than SBLGX's 0.99% expense ratio.

Dividends

QQQJ vs. SBLGX - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.55%, less than SBLGX's 11.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.55%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%
SBLGX ClearBridge Large Cap Growth Fund	11.26%	12.68%	5.39%	12.39%	9.34%	12.48%	6.17%	5.12%	4.00%	4.41%	2.08%	2.94%

Frequently Asked Questions

Can I hold both QQQJ and SBLGX in my portfolio?

QQQJ and SBLGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQJ or SBLGX?

SBLGX has higher volatility (5.67%) compared to QQQJ (5.19%). In terms of maximum drawdown, QQQJ dropped -39.57% vs SBLGX's -53.64%.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.04 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.