QQQM vs. QQQ
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Invesco QQQ (QQQ).
QQQM and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQQM and QQQ 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 QQQ.
Performance
QQQM vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with QQQM having a 23.51% return and QQQ slightly lower at 23.40%.
QQQM
23.51%
1.58%
10.79%
30.54%
N/A
N/A
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| QQQM | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.71 |
| Sortino Ratio | 2.30 | 2.29 |
| Omega Ratio | 1.31 | 1.31 |
| Calmar Ratio | 2.20 | 2.19 |
| Martin Ratio | 7.99 | 7.95 |
| Ulcer Index | 3.73% | 3.73% |
| Daily Std Dev | 17.35% | 17.38% |
| Max Drawdown | -35.05% | -82.98% |
| Current Drawdown | -2.13% | -2.13% |
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QQQM vs. QQQ - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than QQQ's 0.20% 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%.
Correlation
The correlation between QQQM and QQQ is 1.00, 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
QQQM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Invesco QQQ (QQQ). 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
QQQM vs. QQQ - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.65%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QQQM vs. QQQ - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.05%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQM and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQM vs. QQQ - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) and Invesco QQQ (QQQ) have volatilities of 5.65% and 5.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.