ROBO vs. QQQ
Compare and contrast key facts about ROBO Global Robotics & Automation Index ETF (ROBO) and Invesco QQQ (QQQ).
ROBO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROBO is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Robotics and Automation TR Index. It was launched on Oct 22, 2013. 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 ROBO 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: ROBO or QQQ.
Key characteristics
| ROBO | QQQ | |
|---|---|---|
| YTD Return | -2.55% | 6.48% |
| 1Y Return | 5.29% | 38.66% |
| 3Y Return (Ann) | -3.74% | 10.38% |
| 5Y Return (Ann) | 6.14% | 18.72% |
| 10Y Return (Ann) | 8.15% | 18.51% |
| Sharpe Ratio | 0.27 | 2.33 |
| Daily Std Dev | 17.76% | 16.36% |
| Max Drawdown | -43.65% | -82.98% |
| Current Drawdown | -22.42% | -2.44% |
Correlation
The correlation between ROBO and QQQ is 0.79, 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
ROBO vs. QQQ - Performance Comparison
In the year-to-date period, ROBO achieves a -2.55% return, which is significantly lower than QQQ's 6.48% return. Over the past 10 years, ROBO has underperformed QQQ with an annualized return of 8.15%, while QQQ has yielded a comparatively higher 18.51% 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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ROBO vs. QQQ - Expense Ratio Comparison
ROBO has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ROBO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Robotics & Automation Index ETF (ROBO) 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
ROBO vs. QQQ - Dividend Comparison
ROBO's dividend yield for the trailing twelve months is around 0.05%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROBO ROBO Global Robotics & Automation Index ETF | 0.05% | 0.05% | 0.00% | 0.18% | 0.20% | 0.37% | 0.37% | 0.02% | 0.19% | 0.28% | 0.28% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ROBO vs. QQQ - Drawdown Comparison
The maximum ROBO drawdown since its inception was -43.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ROBO and QQQ. For additional features, visit the drawdowns tool.
Volatility
ROBO vs. QQQ - Volatility Comparison
The current volatility for ROBO Global Robotics & Automation Index ETF (ROBO) is 5.31%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that ROBO 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.