VEGI vs. QQQM
Compare and contrast key facts about iShares MSCI Global Agriculture Producers ETF (VEGI) and Invesco NASDAQ 100 ETF (QQQM).
VEGI and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGI is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index. It was launched on Jan 31, 2012. 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 VEGI 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: VEGI or QQQM.
Key characteristics
| VEGI | QQQM | |
|---|---|---|
| YTD Return | -0.64% | 20.47% |
| 1Y Return | 1.11% | 34.33% |
| 3Y Return (Ann) | -0.26% | 10.83% |
| Sharpe Ratio | 0.14 | 1.93 |
| Sortino Ratio | 0.30 | 2.57 |
| Omega Ratio | 1.04 | 1.34 |
| Calmar Ratio | 0.07 | 2.46 |
| Martin Ratio | 0.42 | 8.95 |
| Ulcer Index | 4.80% | 3.79% |
| Daily Std Dev | 14.37% | 17.53% |
| Max Drawdown | -37.37% | -35.05% |
| Current Drawdown | -21.26% | -2.26% |
Correlation
The correlation between VEGI and QQQM is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VEGI vs. QQQM - Performance Comparison
In the year-to-date period, VEGI achieves a -0.64% return, which is significantly lower than QQQM's 20.47% 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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VEGI vs. QQQM - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
VEGI vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Agriculture Producers ETF (VEGI) 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.
Dividends
VEGI vs. QQQM - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.46%, more than QQQM's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Global Agriculture Producers ETF | 2.46% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% | 2.03% | 1.53% |
QQQM Invesco NASDAQ 100 ETF | 0.67% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VEGI vs. QQQM - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for VEGI and QQQM. For additional features, visit the drawdowns tool.
Volatility
VEGI vs. QQQM - Volatility Comparison
iShares MSCI Global Agriculture Producers ETF (VEGI) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.06% and 4.22%, 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.