QRFT vs. QQQ
Compare and contrast key facts about QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) and Invesco QQQ (QQQ).
QRFT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QRFT is an actively managed fund by Exchange Traded Concepts. It was launched on May 21, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QRFT or QQQ.
Key characteristics
| QRFT | QQQ | |
|---|---|---|
| YTD Return | 11.51% | 10.74% |
| 1Y Return | 29.16% | 39.36% |
| 3Y Return (Ann) | 8.74% | 12.27% |
| Sharpe Ratio | 2.26 | 2.43 |
| Daily Std Dev | 12.43% | 16.27% |
| Max Drawdown | -30.19% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between QRFT and QQQ is 0.88, 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
QRFT vs. QQQ - Performance Comparison
In the year-to-date period, QRFT achieves a 11.51% return, which is significantly higher than QQQ's 10.74% 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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QRFT vs. QQQ - Expense Ratio Comparison
QRFT has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QRFT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) 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
QRFT vs. QQQ - Dividend Comparison
QRFT's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRFT QRAFT AI Enhanced U.S. Large Cap ETF | 0.70% | 0.77% | 0.83% | 0.05% | 1.81% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QRFT vs. QQQ - Drawdown Comparison
The maximum QRFT drawdown since its inception was -30.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QRFT and QQQ. For additional features, visit the drawdowns tool.
Volatility
QRFT vs. QQQ - Volatility Comparison
The current volatility for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) is 3.92%, while Invesco QQQ (QQQ) has a volatility of 5.12%. This indicates that QRFT 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.