SMMU vs. QQQ
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and Invesco QQQ (QQQ).
SMMU and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMMU or QQQ.
Performance
SMMU vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SMMU achieves a 2.44% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, SMMU has underperformed QQQ with an annualized return of 1.52%, while QQQ has yielded a comparatively higher 17.95% annualized return.
SMMU
2.44%
-0.31%
1.92%
4.68%
1.62%
1.52%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| SMMU | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.67 | 1.70 |
| Sortino Ratio | 4.11 | 2.29 |
| Omega Ratio | 1.61 | 1.31 |
| Calmar Ratio | 4.71 | 2.19 |
| Martin Ratio | 16.64 | 7.96 |
| Ulcer Index | 0.30% | 3.72% |
| Daily Std Dev | 1.84% | 17.39% |
| Max Drawdown | -5.08% | -82.98% |
| Current Drawdown | -0.59% | -3.42% |
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SMMU vs. QQQ - Expense Ratio Comparison
SMMU has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between SMMU and QQQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SMMU vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) 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
SMMU vs. QQQ - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 3.52%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 3.52% | 3.29% | 1.37% | 0.60% | 1.19% | 1.82% | 1.73% | 1.41% | 1.03% | 0.89% | 0.67% | 0.57% |
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% | 1.02% |
Drawdowns
SMMU vs. QQQ - Drawdown Comparison
The maximum SMMU drawdown since its inception was -5.08%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SMMU and QQQ. For additional features, visit the drawdowns tool.
Volatility
SMMU vs. QQQ - Volatility Comparison
The current volatility for PIMCO Short Term Municipal Bond Active ETF (SMMU) is 0.87%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that SMMU 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.