RZV vs. QQQ
Compare and contrast key facts about Invesco S&P SmallCap 600® Pure Value ETF (RZV) and Invesco QQQ (QQQ).
RZV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RZV is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Pure Value. 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 RZV 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: RZV or QQQ.
Key characteristics
| RZV | QQQ | |
|---|---|---|
| YTD Return | -7.15% | 3.82% |
| 1Y Return | 14.00% | 32.66% |
| 3Y Return (Ann) | 5.12% | 8.61% |
| 5Y Return (Ann) | 9.62% | 18.53% |
| 10Y Return (Ann) | 6.08% | 18.13% |
| Sharpe Ratio | 0.58 | 2.00 |
| Daily Std Dev | 23.71% | 16.23% |
| Max Drawdown | -77.11% | -82.98% |
| Current Drawdown | -8.34% | -4.88% |
Correlation
The correlation between RZV and QQQ is 0.63, 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
RZV vs. QQQ - Performance Comparison
In the year-to-date period, RZV achieves a -7.15% return, which is significantly lower than QQQ's 3.82% return. Over the past 10 years, RZV has underperformed QQQ with an annualized return of 6.08%, while QQQ has yielded a comparatively higher 18.13% 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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RZV vs. QQQ - Expense Ratio Comparison
RZV has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RZV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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
RZV vs. QQQ - Dividend Comparison
RZV's dividend yield for the trailing twelve months is around 1.23%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.23% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% | 0.68% | 0.64% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
RZV vs. QQQ - Drawdown Comparison
The maximum RZV drawdown since its inception was -77.11%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RZV and QQQ. For additional features, visit the drawdowns tool.
Volatility
RZV vs. QQQ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.94% compared to Invesco QQQ (QQQ) at 5.44%. This indicates that RZV'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.