Correlation
The correlation between RZG and QQQ is 0.77, 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.
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.
Performance
RZG vs. QQQ - Performance Comparison
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Key characteristics
RZG:
0.09
QQQ:
0.62
RZG:
0.32
QQQ:
0.92
RZG:
1.04
QQQ:
1.13
RZG:
0.08
QQQ:
0.60
RZG:
0.23
QQQ:
1.94
RZG:
9.49%
QQQ:
7.02%
RZG:
25.30%
QQQ:
25.59%
RZG:
-58.52%
QQQ:
-82.98%
RZG:
-13.91%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, RZG achieves a -1.54% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, RZG has underperformed QQQ with an annualized return of 5.96%, while QQQ has yielded a comparatively higher 17.69% annualized return.
RZG
-1.54%
4.82%
-11.42%
1.36%
5.43%
10.07%
5.96%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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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 Rank
RZG
QQQ
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.
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Dividends
RZG vs. QQQ - Dividend Comparison
RZG's dividend yield for the trailing twelve months is around 0.77%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.77% | 0.95% | 1.43% | 1.59% | 0.22% | 0.48% | 0.70% | 0.46% | 0.44% | 0.65% | 0.70% | 0.36% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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.
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Volatility
RZG vs. QQQ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Growth ETF (RZG) and Invesco QQQ (QQQ) have volatilities of 5.56% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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