Correlation
The correlation between URNQX and QQQM is 0.92, 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.
URNQX vs. QQQM
Compare and contrast key facts about Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and Invesco NASDAQ 100 ETF (QQQM).
URNQX is a passively managed fund by USAA that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 2, 2017. 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 URNQX 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: URNQX or QQQM.
Performance
URNQX vs. QQQM - Performance Comparison
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Key characteristics
URNQX:
0.62
QQQM:
0.63
URNQX:
0.92
QQQM:
0.93
URNQX:
1.13
QQQM:
1.13
URNQX:
0.60
QQQM:
0.60
URNQX:
1.94
QQQM:
1.95
URNQX:
7.04%
QQQM:
7.01%
URNQX:
25.71%
QQQM:
25.29%
URNQX:
-35.30%
QQQM:
-35.05%
URNQX:
-3.61%
QQQM:
-3.60%
Returns By Period
The year-to-date returns for both stocks are quite close, with URNQX having a 1.74% return and QQQM slightly lower at 1.73%.
URNQX
1.74%
7.92%
2.22%
15.72%
19.70%
17.99%
N/A
QQQM
1.73%
7.87%
2.19%
15.71%
19.83%
N/A
N/A
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URNQX vs. QQQM - Expense Ratio Comparison
URNQX has a 0.30% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
URNQX vs. QQQM — Risk-Adjusted Performance Rank
URNQX
QQQM
URNQX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Nasdaq 100 Index Fund R6 Shares (URNQX) 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
URNQX vs. QQQM - Dividend Comparison
URNQX's dividend yield for the trailing twelve months is around 2.27%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
URNQX Victory Nasdaq 100 Index Fund R6 Shares | 2.27% | 2.31% | 2.72% | 4.32% | 4.59% | 1.64% | 1.30% | 0.80% | 2.07% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
URNQX vs. QQQM - Drawdown Comparison
The maximum URNQX drawdown since its inception was -35.30%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for URNQX and QQQM.
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Volatility
URNQX vs. QQQM - Volatility Comparison
Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.59% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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