TMDV vs. QQQ
Compare and contrast key facts about ProShares Russell U.S. Dividend Growers ETF (TMDV) and Invesco QQQ (QQQ).
TMDV and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMDV is a passively managed fund by ProShares that tracks the performance of the Russell 3000 Dividend Elite Index. It was launched on Nov 5, 2019. 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 TMDV 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: TMDV or QQQ.
Key characteristics
| TMDV | QQQ | |
|---|---|---|
| YTD Return | 0.12% | 6.48% |
| 1Y Return | 4.11% | 38.66% |
| 3Y Return (Ann) | 1.29% | 10.38% |
| Sharpe Ratio | 0.28 | 2.33 |
| Daily Std Dev | 12.15% | 16.36% |
| Max Drawdown | -33.42% | -82.98% |
| Current Drawdown | -3.16% | -2.44% |
Correlation
The correlation between TMDV and QQQ is 0.53, 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
TMDV vs. QQQ - Performance Comparison
In the year-to-date period, TMDV achieves a 0.12% return, which is significantly lower than QQQ's 6.48% 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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TMDV vs. QQQ - Expense Ratio Comparison
TMDV has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TMDV vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) 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
TMDV vs. QQQ - Dividend Comparison
TMDV's dividend yield for the trailing twelve months is around 2.45%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.45% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% | 1.01% |
Drawdowns
TMDV vs. QQQ - Drawdown Comparison
The maximum TMDV drawdown since its inception was -33.42%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TMDV and QQQ. For additional features, visit the drawdowns tool.
Volatility
TMDV vs. QQQ - Volatility Comparison
The current volatility for ProShares Russell U.S. Dividend Growers ETF (TMDV) is 3.08%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that TMDV 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.