Correlation
The correlation between STRV and QQQM is 0.94, 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.
STRV vs. QQQM
Compare and contrast key facts about Strive 500 ETF (STRV) and Invesco NASDAQ 100 ETF (QQQM).
STRV and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STRV is a passively managed fund by Strive that tracks the performance of the Bloomberg US Large Cap Index. It was launched on Sep 15, 2022. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both STRV and QQQM 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: STRV or QQQM.
Performance
STRV vs. QQQM - Performance Comparison
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Key characteristics
STRV:
0.60
QQQM:
0.52
STRV:
0.89
QQQM:
0.86
STRV:
1.13
QQQM:
1.12
STRV:
0.56
QQQM:
0.55
STRV:
2.12
QQQM:
1.78
STRV:
5.05%
QQQM:
7.00%
STRV:
19.80%
QQQM:
25.21%
STRV:
-18.99%
QQQM:
-35.05%
STRV:
-5.41%
QQQM:
-5.45%
Returns By Period
In the year-to-date period, STRV achieves a -0.85% return, which is significantly lower than QQQM's -0.22% return.
STRV
-0.85%
5.00%
-2.18%
11.12%
N/A
N/A
N/A
QQQM
-0.22%
7.76%
1.02%
11.93%
21.94%
N/A
N/A
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STRV vs. QQQM - Expense Ratio Comparison
STRV has a 0.05% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
STRV vs. QQQM — Risk-Adjusted Performance Rank
STRV
QQQM
STRV vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive 500 ETF (STRV) and Invesco NASDAQ 100 ETF (QQQM). 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
STRV vs. QQQM - Dividend Comparison
STRV's dividend yield for the trailing twelve months is around 1.11%, more than QQQM's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
STRV Strive 500 ETF | 1.11% | 1.13% | 1.21% | 0.37% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.60% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
STRV vs. QQQM - Drawdown Comparison
The maximum STRV drawdown since its inception was -18.99%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for STRV and QQQM.
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Volatility
STRV vs. QQQM - Volatility Comparison
The current volatility for Strive 500 ETF (STRV) is 4.55%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.22%. This indicates that STRV experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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