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QQQM vs. FTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


QQQMFTEC
YTD Return8.83%8.85%
1Y Return45.98%44.68%
3Y Return (Ann)12.88%14.85%
Sharpe Ratio2.802.48
Daily Std Dev16.12%17.77%
Max Drawdown-35.05%-34.95%
Current Drawdown-0.28%-0.76%

Correlation

0.97
-1.001.00

The correlation between QQQM and FTEC is 0.97, 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.

Performance

QQQM vs. FTEC - Performance Comparison

The year-to-date returns for both investments are quite close, with QQQM having a 8.83% return and FTEC slightly higher at 8.85%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


20.00%30.00%40.00%50.00%60.00%70.00%OctoberNovemberDecember2024FebruaryMarch
54.76%
64.67%
QQQM
FTEC

Compare stocks, funds, or ETFs


Invesco NASDAQ 100 ETF

Fidelity MSCI Information Technology Index ETF

QQQM vs. FTEC - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is higher than FTEC's 0.08% expense ratio.

QQQM
Invesco NASDAQ 100 ETF
0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

QQQM vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QQQM
Invesco NASDAQ 100 ETF
2.80
FTEC
Fidelity MSCI Information Technology Index ETF
2.48

QQQM vs. FTEC - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.80, which roughly equals the FTEC Sharpe Ratio of 2.48. The chart below compares the 12-month rolling Sharpe Ratio of QQQM and FTEC.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
2.80
2.48
QQQM
FTEC

Dividends

QQQM vs. FTEC - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.65%, less than FTEC's 0.71% yield.


TTM20232022202120202019201820172016201520142013
QQQM
Invesco NASDAQ 100 ETF
0.65%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FTEC
Fidelity MSCI Information Technology Index ETF
0.71%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%0.18%

Drawdowns

QQQM vs. FTEC - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.05%, roughly equal to the maximum FTEC drawdown of -34.95%. The drawdown chart below compares losses from any high point along the way for QQQM and FTEC


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-0.28%
-0.76%
QQQM
FTEC

Volatility

QQQM vs. FTEC - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 4.40%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 5.33%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2024FebruaryMarch
4.40%
5.33%
QQQM
FTEC