QQQM vs. SCHG
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Schwab U.S. Large-Cap Growth ETF (SCHG).
QQQM and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both QQQM and SCHG 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 SCHG.
Key characteristics
| QQQM | SCHG | |
|---|---|---|
| YTD Return | 22.73% | 29.73% |
| 1Y Return | 44.31% | 51.35% |
| 3Y Return (Ann) | 9.84% | 10.58% |
| Sharpe Ratio | 2.68 | 3.20 |
| Sortino Ratio | 3.44 | 4.02 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 3.39 | 3.88 |
| Martin Ratio | 12.44 | 17.26 |
| Ulcer Index | 3.69% | 3.08% |
| Daily Std Dev | 17.13% | 16.65% |
| Max Drawdown | -35.05% | -34.59% |
| Current Drawdown | -0.42% | 0.00% |
Correlation
The correlation between QQQM and SCHG is 0.99, 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. SCHG - Performance Comparison
In the year-to-date period, QQQM achieves a 22.73% return, which is significantly lower than SCHG's 29.73% 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. SCHG - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is higher than SCHG's 0.04% 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. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.65%, more than SCHG's 0.41% 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
QQQM vs. SCHG - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.05%, roughly equal to the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for QQQM and SCHG. For additional features, visit the drawdowns tool.
Volatility
QQQM vs. SCHG - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) and Schwab U.S. Large-Cap Growth ETF (SCHG) have volatilities of 3.87% and 3.75%, 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.