QQQS vs. VITAX
Compare and contrast key facts about Invesco NASDAQ Future Gen 200 ETF (QQQS) and Vanguard Information Technology Index Fund Admiral Shares (VITAX).
QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022. VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004. Both QQQS and VITAX 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: QQQS or VITAX.
Performance
QQQS vs. VITAX - Performance Comparison
Returns By Period
In the year-to-date period, QQQS achieves a 3.74% return, which is significantly lower than VITAX's 27.21% return.
QQQS
3.74%
-1.11%
4.31%
24.25%
N/A
N/A
VITAX
27.21%
0.90%
13.72%
34.62%
22.51%
20.69%
Key characteristics
| QQQS | VITAX | |
|---|---|---|
| Sharpe Ratio | 0.79 | 1.58 |
| Sortino Ratio | 1.25 | 2.09 |
| Omega Ratio | 1.14 | 1.28 |
| Calmar Ratio | 0.68 | 2.19 |
| Martin Ratio | 3.01 | 7.86 |
| Ulcer Index | 7.20% | 4.25% |
| Daily Std Dev | 27.56% | 21.19% |
| Max Drawdown | -38.06% | -54.81% |
| Current Drawdown | -15.31% | -2.04% |
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QQQS vs. VITAX - Expense Ratio Comparison
QQQS has a 0.20% expense ratio, which is higher than VITAX's 0.10% 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%.
Correlation
The correlation between QQQS and VITAX is 0.62, 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.
Risk-Adjusted Performance
QQQS vs. VITAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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
QQQS vs. VITAX - Dividend Comparison
QQQS's dividend yield for the trailing twelve months is around 0.80%, more than VITAX's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQS Invesco NASDAQ Future Gen 200 ETF | 0.80% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.61% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.30% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
Drawdowns
QQQS vs. VITAX - Drawdown Comparison
The maximum QQQS drawdown since its inception was -38.06%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for QQQS and VITAX. For additional features, visit the drawdowns tool.
Volatility
QQQS vs. VITAX - Volatility Comparison
Invesco NASDAQ Future Gen 200 ETF (QQQS) has a higher volatility of 7.53% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 6.60%. This indicates that QQQS's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.