UMI vs. QQQ
Compare and contrast key facts about USCF Midstream Energy Income Fund ETF (UMI) and Invesco QQQ (QQQ).
UMI and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMI is an actively managed fund by Wainwright, Inc.. It was launched on Mar 24, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMI or QQQ.
Key characteristics
| UMI | QQQ | |
|---|---|---|
| YTD Return | 42.46% | 25.63% |
| 1Y Return | 46.43% | 33.85% |
| 3Y Return (Ann) | 23.53% | 9.83% |
| 5Y Return (Ann) | 17.66% | 21.21% |
| Sharpe Ratio | 3.76 | 2.12 |
| Sortino Ratio | 5.14 | 2.79 |
| Omega Ratio | 1.66 | 1.38 |
| Calmar Ratio | 8.30 | 2.71 |
| Martin Ratio | 30.20 | 9.88 |
| Ulcer Index | 1.60% | 3.72% |
| Daily Std Dev | 12.84% | 17.31% |
| Max Drawdown | -48.08% | -82.98% |
| Current Drawdown | -1.21% | -0.37% |
Correlation
The correlation between UMI and QQQ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UMI vs. QQQ - Performance Comparison
In the year-to-date period, UMI achieves a 42.46% return, which is significantly higher than QQQ's 25.63% 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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UMI vs. QQQ - Expense Ratio Comparison
UMI has a 0.85% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
UMI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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
UMI vs. QQQ - Dividend Comparison
UMI's dividend yield for the trailing twelve months is around 3.99%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMI USCF Midstream Energy Income Fund ETF | 3.99% | 4.67% | 4.78% | 3.37% | 2.18% | 2.47% | 2.48% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
UMI vs. QQQ - Drawdown Comparison
The maximum UMI drawdown since its inception was -48.08%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UMI and QQQ. For additional features, visit the drawdowns tool.
Volatility
UMI vs. QQQ - Volatility Comparison
The current volatility for USCF Midstream Energy Income Fund ETF (UMI) is 4.24%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that UMI 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.