QQQM vs. SCHD
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Schwab US Dividend Equity ETF (SCHD).
QQQM and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both QQQM and SCHD 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 SCHD.
Key characteristics
| QQQM | SCHD | |
|---|---|---|
| YTD Return | 22.73% | 13.75% |
| 1Y Return | 44.31% | 29.24% |
| 3Y Return (Ann) | 9.84% | 6.56% |
| Sharpe Ratio | 2.68 | 2.71 |
| Sortino Ratio | 3.44 | 3.91 |
| Omega Ratio | 1.47 | 1.48 |
| Calmar Ratio | 3.39 | 2.52 |
| Martin Ratio | 12.44 | 15.22 |
| Ulcer Index | 3.69% | 2.02% |
| Daily Std Dev | 17.13% | 11.34% |
| Max Drawdown | -35.05% | -33.37% |
| Current Drawdown | -0.42% | -2.50% |
Correlation
The correlation between QQQM and SCHD is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQM vs. SCHD - Performance Comparison
In the year-to-date period, QQQM achieves a 22.73% return, which is significantly higher than SCHD's 13.75% 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. SCHD - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQQM vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.65%, less than SCHD's 3.48% 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% |
SCHD Schwab US Dividend Equity ETF | 3.48% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
QQQM vs. SCHD - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.05%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for QQQM and SCHD. For additional features, visit the drawdowns tool.
Volatility
QQQM vs. SCHD - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 3.87% compared to Schwab US Dividend Equity ETF (SCHD) at 2.72%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.