RFG vs. QQQ
Compare and contrast key facts about Invesco S&P MidCap 400® Pure Growth ETF (RFG) and Invesco QQQ (QQQ).
RFG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFG is a passively managed fund by Invesco that tracks the performance of the S&P Mid Cap 400 Pure Growth. It was launched on Mar 1, 2006. 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 RFG 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: RFG or QQQ.
Key characteristics
| RFG | QQQ | |
|---|---|---|
| YTD Return | 25.28% | 25.79% |
| 1Y Return | 35.56% | 36.91% |
| 3Y Return (Ann) | 2.68% | 9.89% |
| 5Y Return (Ann) | 12.42% | 21.42% |
| 10Y Return (Ann) | 8.31% | 18.39% |
| Sharpe Ratio | 1.91 | 2.11 |
| Sortino Ratio | 2.64 | 2.78 |
| Omega Ratio | 1.32 | 1.38 |
| Calmar Ratio | 1.74 | 2.69 |
| Martin Ratio | 8.23 | 9.81 |
| Ulcer Index | 4.38% | 3.72% |
| Daily Std Dev | 18.93% | 17.32% |
| Max Drawdown | -51.93% | -82.98% |
| Current Drawdown | -1.19% | -0.24% |
Correlation
The correlation between RFG and QQQ is 0.78, 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
RFG vs. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with RFG having a 25.28% return and QQQ slightly higher at 25.79%. Over the past 10 years, RFG has underperformed QQQ with an annualized return of 8.31%, while QQQ has yielded a comparatively higher 18.39% annualized 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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RFG vs. QQQ - Expense Ratio Comparison
RFG has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RFG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Growth ETF (RFG) 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
RFG vs. QQQ - Dividend Comparison
RFG's dividend yield for the trailing twelve months is around 0.54%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFG Invesco S&P MidCap 400® Pure Growth ETF | 0.54% | 0.99% | 0.78% | 0.26% | 0.27% | 0.64% | 0.76% | 0.66% | 0.35% | 0.61% | 0.60% | 0.65% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RFG vs. QQQ - Drawdown Comparison
The maximum RFG drawdown since its inception was -51.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RFG and QQQ. For additional features, visit the drawdowns tool.
Volatility
RFG vs. QQQ - Volatility Comparison
Invesco S&P MidCap 400® Pure Growth ETF (RFG) has a higher volatility of 5.52% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that RFG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.