QQQS vs. SYZ

Last updated Jun 4, 2026

QQQS (Invesco NASDAQ Future Gen 200 ETF) and SYZ (Lazard US Systematic Small Cap Equity ETF) are both Small Cap Blend Equities funds. QQQS is passively managed, while SYZ is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. QQQS charges 0.20%/yr vs 0.60%/yr for SYZ.

Performance

QQQS vs. SYZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Future Gen 200 ETF (QQQS) and Lazard US Systematic Small Cap Equity ETF (SYZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQS achieves a 27.27% return, which is significantly higher than SYZ's 17.30% return.

QQQS

• 1D: -1.70%
• 1M: 5.91%
• YTD: 27.27%
• 6M: 27.40%
• 1Y: 79.99%
• 3Y*: 15.89%
• 5Y*: —
• 10Y*: —

SYZ

• 1D: -1.04%
• 1M: 2.63%
• YTD: 17.30%
• 6M: 17.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQS vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
QQQS Invesco NASDAQ Future Gen 200 ETF	27.27%	10.64%
SYZ Lazard US Systematic Small Cap Equity ETF	17.30%	0.89%

Correlation

The correlation between QQQS and SYZ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.84

Return for Risk

QQQS vs. SYZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQS

QQQS Risk / Return Rank: 85
QQQS Sharpe Ratio Rank: 88
QQQS Sortino Ratio Rank: 83
QQQS Omega Ratio Rank: 73
QQQS Calmar Ratio Rank: 91
QQQS Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQS vs. SYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and Lazard US Systematic Small Cap Equity ETF (SYZ). 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.

	QQQS	SYZ	Difference
Sharpe ratio Return per unit of total volatility	3.00	—	—
Sortino ratio Return per unit of downside risk	3.78	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	5.90	—	—
Martin ratio Return relative to average drawdown	19.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQS	SYZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.60	-0.98

Drawdowns

QQQS vs. SYZ - Drawdown Comparison

The maximum QQQS drawdown since its inception was -38.06%, which is greater than SYZ's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for QQQS and SYZ.

Drawdown Indicators

	QQQS	SYZ	Difference
Max Drawdown Largest peak-to-trough decline	-38.06%	-8.00%	-30.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.32%	—	—
Current Drawdown Current decline from peak	-2.55%	-1.04%	-1.51%
Average Drawdown Average peak-to-trough decline	-13.26%	-2.09%	-11.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	—	—

Volatility

Volatility by Period

	QQQS	SYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	16.65%	+10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.34%	16.65%	+11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.34%	16.65%	+11.69%

QQQS vs. SYZ - Expense Ratio Comparison

QQQS has a 0.20% expense ratio, which is lower than SYZ's 0.60% expense ratio.

Dividends

QQQS vs. SYZ - Dividend Comparison

QQQS's dividend yield for the trailing twelve months is around 2.73%, more than SYZ's 0.14% yield.

Position	TTM	2025	2024	2023	2022
QQQS Invesco NASDAQ Future Gen 200 ETF	2.73%	3.48%	0.80%	0.68%	0.04%
SYZ Lazard US Systematic Small Cap Equity ETF	0.14%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQS and SYZ in my portfolio?

QQQS and SYZ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQS or SYZ?

On fees, QQQS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQS or SYZ?

QQQS is cheaper with a 0.20% expense ratio, compared with 0.60% for SYZ.

Which ETF pays a higher dividend yield, QQQS or SYZ?

QQQS has the higher dividend yield at 2.73%, compared with 0.14% for SYZ.

What is the main difference between QQQS and SYZ?

They also come from different issuers: Invesco and Lazard. Their fees differ too: 0.20% for QQQS and 0.60% for SYZ.