QTR vs. QQQ
Compare and contrast key facts about Global X NASDAQ 100 Tail Risk ETF (QTR) and Invesco QQQ (QQQ).
QTR and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Protective Put 90 Index. It was launched on Aug 25, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QTR and QQQ 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: QTR or QQQ.
Performance
QTR vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, QTR achieves a 20.12% return, which is significantly lower than QQQ's 24.04% return.
QTR
20.12%
2.96%
8.93%
26.02%
N/A
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| QTR | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.76 |
| Sortino Ratio | 2.32 | 2.35 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 2.34 | 2.25 |
| Martin Ratio | 7.20 | 8.18 |
| Ulcer Index | 3.61% | 3.74% |
| Daily Std Dev | 15.54% | 17.36% |
| Max Drawdown | -31.72% | -82.98% |
| Current Drawdown | -1.73% | -1.62% |
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QTR vs. QQQ - Expense Ratio Comparison
QTR has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between QTR and QQQ is 0.89, 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.
Risk-Adjusted Performance
QTR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) 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
QTR vs. QQQ - Dividend Comparison
QTR's dividend yield for the trailing twelve months is around 0.54%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTR Global X NASDAQ 100 Tail Risk ETF | 0.54% | 0.53% | 0.37% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QTR vs. QQQ - Drawdown Comparison
The maximum QTR drawdown since its inception was -31.72%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QTR and QQQ. For additional features, visit the drawdowns tool.
Volatility
QTR vs. QQQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 Tail Risk ETF (QTR) is 5.02%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that QTR 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.