TNWCX vs. QQQM
Compare and contrast key facts about TIAA-CREF Social Choice Low Carbon Equity Fund (TNWCX) and Invesco NASDAQ 100 ETF (QQQM).
TNWCX is managed by TIAA Investments. It was launched on Aug 7, 2015. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNWCX or QQQM.
Correlation
The correlation between TNWCX and QQQM is 0.85, 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.
Performance
TNWCX vs. QQQM - Performance Comparison
Key characteristics
TNWCX:
0.44
QQQM:
1.41
TNWCX:
0.62
QQQM:
1.91
TNWCX:
1.13
QQQM:
1.26
TNWCX:
0.53
QQQM:
1.89
TNWCX:
1.29
QQQM:
6.54
TNWCX:
5.83%
QQQM:
3.91%
TNWCX:
16.95%
QQQM:
18.17%
TNWCX:
-34.42%
QQQM:
-35.05%
TNWCX:
-14.16%
QQQM:
-0.41%
Returns By Period
TNWCX
0.00%
0.00%
-4.99%
5.00%
8.68%
N/A
QQQM
5.10%
2.35%
13.51%
27.08%
N/A
N/A
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TNWCX vs. QQQM - Expense Ratio Comparison
TNWCX has a 0.31% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
TNWCX vs. QQQM — Risk-Adjusted Performance Rank
TNWCX
QQQM
TNWCX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Social Choice Low Carbon Equity Fund (TNWCX) 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.
Dividends
TNWCX vs. QQQM - Dividend Comparison
TNWCX's dividend yield for the trailing twelve months is around 1.27%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNWCX TIAA-CREF Social Choice Low Carbon Equity Fund | 1.27% | 1.27% | 1.29% | 1.25% | 0.82% | 0.89% | 1.76% | 1.68% | 1.38% | 2.24% | 0.54% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNWCX vs. QQQM - Drawdown Comparison
The maximum TNWCX drawdown since its inception was -34.42%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for TNWCX and QQQM. For additional features, visit the drawdowns tool.
Volatility
TNWCX vs. QQQM - Volatility Comparison
The current volatility for TIAA-CREF Social Choice Low Carbon Equity Fund (TNWCX) is 0.00%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.66%. This indicates that TNWCX 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.