QQQM vs. QQQA
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA).
QQQM and QQQA 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. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. Both QQQM and QQQA 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 QQQA.
Key characteristics
| QQQM | QQQA | |
|---|---|---|
| YTD Return | 22.73% | 14.59% |
| 1Y Return | 44.31% | 38.72% |
| 3Y Return (Ann) | 9.84% | -0.40% |
| Sharpe Ratio | 2.68 | 1.67 |
| Sortino Ratio | 3.44 | 2.18 |
| Omega Ratio | 1.47 | 1.30 |
| Calmar Ratio | 3.39 | 1.30 |
| Martin Ratio | 12.44 | 5.56 |
| Ulcer Index | 3.69% | 7.23% |
| Daily Std Dev | 17.13% | 24.05% |
| Max Drawdown | -35.05% | -38.44% |
| Current Drawdown | -0.42% | -6.27% |
Correlation
The correlation between QQQM and QQQA is 0.89, 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. QQQA - Performance Comparison
In the year-to-date period, QQQM achieves a 22.73% return, which is significantly higher than QQQA's 14.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQQM vs. QQQA - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than QQQA's 0.58% expense ratio.
Risk-Adjusted Performance
QQQM vs. QQQA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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. QQQA - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.65%, more than QQQA's 0.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.09% | 0.34% | 0.28% | 0.10% | 0.00% |
Drawdowns
QQQM vs. QQQA - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.05%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for QQQM and QQQA. For additional features, visit the drawdowns tool.
Volatility
QQQM vs. QQQA - Volatility Comparison
The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 3.87%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 5.56%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.