USNQX vs. QQQ
Compare and contrast key facts about USAA Nasdaq 100 Index Fund (USNQX) and Invesco QQQ (QQQ).
USNQX is managed by Victory Capital. It was launched on Oct 27, 2000. 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: USNQX or QQQ.
Performance
USNQX vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with USNQX having a 23.74% return and QQQ slightly higher at 23.84%. Over the past 10 years, USNQX has underperformed QQQ with an annualized return of 15.99%, while QQQ has yielded a comparatively higher 18.03% annualized return.
USNQX
23.74%
1.80%
11.59%
27.56%
18.01%
15.99%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| USNQX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.60 | 1.78 |
| Sortino Ratio | 2.17 | 2.37 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 2.07 | 2.28 |
| Martin Ratio | 7.49 | 8.27 |
| Ulcer Index | 3.76% | 3.73% |
| Daily Std Dev | 17.58% | 17.37% |
| Max Drawdown | -74.36% | -82.98% |
| Current Drawdown | -1.75% | -1.78% |
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USNQX vs. QQQ - Expense Ratio Comparison
USNQX has a 0.42% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between USNQX and QQQ is 0.98, 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.
Risk-Adjusted Performance
USNQX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Nasdaq 100 Index Fund (USNQX) 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
USNQX vs. QQQ - Dividend Comparison
USNQX's dividend yield for the trailing twelve months is around 0.46%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 0.46% | 0.58% | 0.28% | 0.24% | 0.37% | 0.55% | 0.65% | 0.46% | 0.50% | 0.62% | 0.21% | 0.28% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
USNQX vs. QQQ - Drawdown Comparison
The maximum USNQX drawdown since its inception was -74.36%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for USNQX and QQQ. For additional features, visit the drawdowns tool.
Volatility
USNQX vs. QQQ - Volatility Comparison
USAA Nasdaq 100 Index Fund (USNQX) and Invesco QQQ (QQQ) have volatilities of 5.35% and 5.41%, 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.