SSMG vs. QQQJ

Last updated Aug 5, 2026

SSMG (Virtus Silvant Small/Mid Growth ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds. SSMG is actively managed, while QQQJ is passively managed. Their correlation of 0.88 means they have usually moved in the same direction. SSMG charges 0.39%/yr vs 0.15%/yr for QQQJ.

Performance

SSMG vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Silvant Small/Mid Growth ETF (SSMG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSMG

• 1D: 3.18%
• 1M: -0.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QQQJ

• 1D: 2.71%
• 1M: 0.88%
• 6M: 19.25%
• YTD: 24.56%
• 1Y: 36.83%
• 3Y*: 21.58%
• 5Y*: 6.80%
• 10Y*: —
• ALL TIME*: 10.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQJ Invesco NASDAQ Next Gen 100 ETF	$5.48M	$6.48M	$6.21M
SSMG Virtus Silvant Small/Mid Growth ETF	$5.89K	$3.26K	$5.76K

SSMG vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)
SSMG Virtus Silvant Small/Mid Growth ETF	7.79%
QQQJ Invesco NASDAQ Next Gen 100 ETF	12.11%

Correlation

The correlation between SSMG and QQQJ is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.88

SSMG vs. QQQJ - Sectors Allocation Comparison

Sectors	SSMG	QQQJ
Industrials	25.8%	13.6%
Technology	25.3%	34.2%
Healthcare	18.6%	23.3%
Consumer Cyclical	9.4%	11.8%
Financial Services	8.2%	2.0%
Energy	4.5%	1.1%
Basic Materials	3.5%	2.5%
Utilities	1.5%	2.8%
Communication Services	1.4%	5.9%
Real Estate	0.7%	-
Consumer Defensive	-	2.9%

Return for Risk

SSMG vs. QQQJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQJ

QQQJ Risk / Return Rank: 76
QQQJ Sharpe Ratio Rank: 75
QQQJ Sortino Ratio Rank: 74
QQQJ Omega Ratio Rank: 71
QQQJ Calmar Ratio Rank: 78
QQQJ Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSMG vs. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Silvant Small/Mid Growth ETF (SSMG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SSMG	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.65	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	3.13	—
Martin ratio: Return relative to average drawdown	—	12.30	—

Drawdowns

SSMG vs. QQQJ - Drawdown Comparison

The maximum SSMG drawdown since its inception was -13.72%, smaller than the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for SSMG and QQQJ.

Drawdown Indicators

	SSMG	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-13.72%	-39.57%	+25.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.57%	—
Current Drawdown Current decline from peak	-4.83%	0.00%	-4.83%
Average Drawdown Average peak-to-trough decline	-3.36%	-15.36%	+12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.01%	—

Volatility

Volatility by Period

	SSMG	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.58%	19.34%	+9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.58%	22.19%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.58%	21.99%	+6.59%

SSMG vs. QQQJ - Expense Ratio Comparison

SSMG has a 0.39% expense ratio, which is higher than QQQJ's 0.15% expense ratio.

Dividends

SSMG vs. QQQJ - Dividend Comparison

SSMG has not paid dividends to shareholders, while QQQJ's dividend yield for the trailing twelve months is around 0.53%.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.53%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%
SSMG Virtus Silvant Small/Mid Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSMG and QQQJ in my portfolio?

SSMG and QQQJ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSMG or QQQJ?

On fees, QQQJ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSMG or QQQJ?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.39% for SSMG.

Which ETF pays a higher dividend yield, SSMG or QQQJ?

QQQJ has the higher dividend yield at 0.53%, compared with 0.00% for SSMG.

What is the main difference between SSMG and QQQJ?

They also come from different issuers: Virtus and Invesco. Their fees differ too: 0.39% for SSMG and 0.15% for QQQJ.