QQQ vs. URNQX
Compare and contrast key facts about Invesco QQQ (QQQ) and Victory Nasdaq 100 Index Fund R6 Shares (URNQX).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. URNQX is a passively managed fund by USAA that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 2, 2017. Both QQQ and URNQX 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: QQQ or URNQX.
Key characteristics
QQQ | URNQX | |
---|---|---|
YTD Return | 25.63% | 25.59% |
1Y Return | 33.85% | 31.09% |
3Y Return (Ann) | 9.83% | 6.17% |
5Y Return (Ann) | 21.21% | 18.40% |
Sharpe Ratio | 2.12 | 1.93 |
Sortino Ratio | 2.79 | 2.58 |
Omega Ratio | 1.38 | 1.35 |
Calmar Ratio | 2.71 | 2.50 |
Martin Ratio | 9.88 | 9.07 |
Ulcer Index | 3.72% | 3.73% |
Daily Std Dev | 17.31% | 17.52% |
Max Drawdown | -82.98% | -40.06% |
Current Drawdown | -0.37% | -0.40% |
Correlation
The correlation between QQQ and URNQX is 0.99, 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
QQQ vs. URNQX - Performance Comparison
The year-to-date returns for both stocks are quite close, with QQQ having a 25.63% return and URNQX slightly lower at 25.59%. 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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QQQ vs. URNQX - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than URNQX's 0.30% expense ratio.
Risk-Adjusted Performance
QQQ vs. URNQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) and Victory Nasdaq 100 Index Fund R6 Shares (URNQX). 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
QQQ vs. URNQX - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.59%, more than URNQX's 0.56% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Victory Nasdaq 100 Index Fund R6 Shares | 0.56% | 0.70% | 0.46% | 0.34% | 0.49% | 0.98% | 0.77% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQ vs. URNQX - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than URNQX's maximum drawdown of -40.06%. Use the drawdown chart below to compare losses from any high point for QQQ and URNQX. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. URNQX - Volatility Comparison
Invesco QQQ (QQQ) and Victory Nasdaq 100 Index Fund R6 Shares (URNQX) have volatilities of 4.91% and 4.85%, 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.