RZG vs. QQQ
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco QQQ (QQQ).
RZG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RZG is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 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 RZG 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: RZG or QQQ.
Key characteristics
| RZG | QQQ | |
|---|---|---|
| YTD Return | 19.28% | 26.09% |
| 1Y Return | 41.12% | 39.88% |
| 3Y Return (Ann) | -1.60% | 9.90% |
| 5Y Return (Ann) | 9.05% | 21.46% |
| 10Y Return (Ann) | 8.16% | 18.52% |
| Sharpe Ratio | 1.96 | 2.22 |
| Sortino Ratio | 2.86 | 2.92 |
| Omega Ratio | 1.33 | 1.40 |
| Calmar Ratio | 1.21 | 2.86 |
| Martin Ratio | 11.90 | 10.44 |
| Ulcer Index | 3.33% | 3.72% |
| Daily Std Dev | 20.27% | 17.47% |
| Max Drawdown | -58.52% | -82.98% |
| Current Drawdown | -5.05% | 0.00% |
Correlation
The correlation between RZG and QQQ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RZG vs. QQQ - Performance Comparison
In the year-to-date period, RZG achieves a 19.28% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, RZG has underperformed QQQ with an annualized return of 8.16%, while QQQ has yielded a comparatively higher 18.52% 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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RZG vs. QQQ - Expense Ratio Comparison
RZG has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RZG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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
RZG vs. QQQ - Dividend Comparison
RZG's dividend yield for the trailing twelve months is around 0.95%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.95% | 1.43% | 1.59% | 0.22% | 0.48% | 0.70% | 0.46% | 0.44% | 0.65% | 0.70% | 0.36% | 0.34% |
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
RZG vs. QQQ - Drawdown Comparison
The maximum RZG drawdown since its inception was -58.52%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RZG and QQQ. For additional features, visit the drawdowns tool.
Volatility
RZG vs. QQQ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 7.73% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that RZG'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.