QQQM vs. QCLR
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR).
QQQM and QCLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. QCLR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Collar 95-110 Index. It was launched on Aug 25, 2021. Both QQQM and QCLR 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: QQQM or QCLR.
Key characteristics
| QQQM | QCLR | |
|---|---|---|
| YTD Return | 35.27% | 15.53% |
| 1Y Return | 32.67% | 9.18% |
| 5Y Return (Ann) | 7.57% | -1.79% |
| Sharpe Ratio | 1.27 | 0.54 |
| Daily Std Dev | 22.78% | 14.50% |
| Max Drawdown | -35.05% | -21.77% |
Correlation
The correlation between QQQM and QCLR is 0.79, 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.
QQQM vs. QCLR - Performance Comparison
In the year-to-date period, QQQM achieves a 35.27% return, which is significantly higher than QCLR's 15.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
QQQM vs. QCLR - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.67%, more than QCLR's 0.28% yield.
| TTM | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.67% | 0.84% | 0.41% | 0.16% |
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 0.28% | 0.27% | 1.64% | 0.00% |
QQQM vs. QCLR - Expense Ratio Comparison
QQQM vs. QCLR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). 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 | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 1.27 | ||||
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 0.54 |
QQQM vs. QCLR - Drawdown Comparison
The maximum QQQM drawdown for the period was -22.42%, lower than the maximum QCLR drawdown of -12.96%. The drawdown chart below compares losses from any high point along the way for QQQM and QCLR
QQQM vs. QCLR - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 4.17% compared to Global X NASDAQ 100 Collar 95-110 ETF (QCLR) at 3.31%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than QCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.