Correlation
The correlation between TNWCX and QQQM is 0.91, 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.
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.
Performance
TNWCX vs. QQQM - Performance Comparison
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Key characteristics
Returns By Period
TNWCX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
QQQM
1.73%
7.87%
2.19%
15.71%
19.83%
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.
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Dividends
TNWCX vs. QQQM - Dividend Comparison
TNWCX has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.58%.
| 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
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Volatility
TNWCX vs. QQQM - Volatility Comparison
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