QQQN vs. QQQJ
Compare and contrast key facts about VictoryShares Nasdaq Next 50 ETF (QQQN) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
QQQN and QQQJ 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. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. Both QQQN and QQQJ 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 QQQJ.
Key characteristics
| QQQN | QQQJ | |
|---|---|---|
| YTD Return | 17.49% | 17.65% |
| 1Y Return | 32.13% | 33.70% |
| 3Y Return (Ann) | -3.94% | -3.42% |
| Sharpe Ratio | 2.38 | 2.12 |
| Sortino Ratio | 3.27 | 2.98 |
| Omega Ratio | 1.40 | 1.36 |
| Calmar Ratio | 1.08 | 1.01 |
| Martin Ratio | 12.58 | 11.23 |
| Ulcer Index | 3.16% | 2.98% |
| Daily Std Dev | 16.71% | 15.76% |
| Max Drawdown | -39.89% | -39.58% |
| Current Drawdown | -12.15% | -10.46% |
Correlation
The correlation between QQQN and QQQJ is 0.96, 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. QQQJ - Performance Comparison
The year-to-date returns for both investments are quite close, with QQQN having a 17.49% return and QQQJ slightly higher at 17.65%. 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. QQQJ - Expense Ratio Comparison
QQQN has a 0.18% expense ratio, which is higher than QQQJ's 0.15% 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
QQQN vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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. QQQJ - Dividend Comparison
QQQN's dividend yield for the trailing twelve months is around 0.85%, more than QQQJ's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QQQN VictoryShares Nasdaq Next 50 ETF | 0.85% | 0.64% | 0.90% | 0.33% | 0.13% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.78% | 0.67% | 0.75% | 0.91% | 0.09% |
Drawdowns
QQQN vs. QQQJ - Drawdown Comparison
The maximum QQQN drawdown since its inception was -39.89%, roughly equal to the maximum QQQJ drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for QQQN and QQQJ. For additional features, visit the drawdowns tool.
Volatility
QQQN vs. QQQJ - Volatility Comparison
The current volatility for VictoryShares Nasdaq Next 50 ETF (QQQN) is 1.54%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 4.80%. This indicates that QQQN experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.