QTJL vs. QQQM
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco NASDAQ 100 ETF (QQQM).
QTJL and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTJL or QQQM.
Key characteristics
| QTJL | QQQM | |
|---|---|---|
| YTD Return | 5.58% | 4.42% |
| 1Y Return | 23.17% | 35.58% |
| Sharpe Ratio | 2.14 | 2.13 |
| Daily Std Dev | 10.55% | 16.30% |
| Max Drawdown | -33.40% | -35.05% |
| Current Drawdown | -0.20% | -4.32% |
Correlation
The correlation between QTJL and QQQM 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
QTJL vs. QQQM - Performance Comparison
In the year-to-date period, QTJL achieves a 5.58% return, which is significantly higher than QQQM's 4.42% 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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QTJL vs. QQQM - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
QTJL vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco NASDAQ 100 ETF (QQQM). 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
QTJL vs. QQQM - Dividend Comparison
QTJL has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.68% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
QTJL vs. QQQM - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QTJL and QQQM. For additional features, visit the drawdowns tool.
Volatility
QTJL vs. QQQM - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 2.19%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.62%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.