QQQN vs. QQQ
Compare and contrast key facts about VictoryShares Nasdaq Next 50 ETF (QQQN) and Invesco QQQ (QQQ).
QQQN and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQN is a passively managed fund by Crestview that tracks the performance of the NASDAQ Q-50. It was launched on Sep 10, 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 QQQN 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: QQQN or QQQ.
Key characteristics
| QQQN | QQQ | |
|---|---|---|
| YTD Return | 17.49% | 25.63% |
| 1Y Return | 28.41% | 33.85% |
| 3Y Return (Ann) | -3.94% | 9.83% |
| Sharpe Ratio | 2.38 | 2.12 |
| Sortino Ratio | 3.27 | 2.79 |
| Omega Ratio | 1.40 | 1.38 |
| Calmar Ratio | 1.08 | 2.71 |
| Martin Ratio | 12.58 | 9.88 |
| Ulcer Index | 3.16% | 3.72% |
| Daily Std Dev | 16.71% | 17.31% |
| Max Drawdown | -39.89% | -82.98% |
| Current Drawdown | -12.15% | -0.37% |
Correlation
The correlation between QQQN and QQQ is 0.82, 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
QQQN vs. QQQ - Performance Comparison
In the year-to-date period, QQQN achieves a 17.49% return, which is significantly lower than QQQ's 25.63% 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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QQQN vs. QQQ - Expense Ratio Comparison
QQQN has a 0.18% 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%.
Risk-Adjusted Performance
QQQN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) 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
QQQN vs. QQQ - Dividend Comparison
QQQN's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQN VictoryShares Nasdaq Next 50 ETF | 0.85% | 0.64% | 0.90% | 0.33% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QQQN vs. QQQ - Drawdown Comparison
The maximum QQQN drawdown since its inception was -39.89%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQN and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQN vs. QQQ - Volatility Comparison
The current volatility for VictoryShares Nasdaq Next 50 ETF (QQQN) is 1.11%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that QQQN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.