VFMO vs. QQQ
Compare and contrast key facts about Vanguard U.S. Momentum Factor ETF (VFMO) and Invesco QQQ (QQQ).
VFMO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFMO is managed by Vanguard. It was launched on Feb 13, 2018. 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: VFMO or QQQ.
Performance
VFMO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, VFMO achieves a 31.91% return, which is significantly higher than QQQ's 23.47% return.
VFMO
31.91%
3.35%
14.12%
45.30%
16.82%
N/A
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| VFMO | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.45 | 1.80 |
| Sortino Ratio | 3.21 | 2.40 |
| Omega Ratio | 1.41 | 1.32 |
| Calmar Ratio | 3.25 | 2.31 |
| Martin Ratio | 15.11 | 8.39 |
| Ulcer Index | 3.07% | 3.73% |
| Daily Std Dev | 18.99% | 17.41% |
| Max Drawdown | -36.77% | -82.98% |
| Current Drawdown | -2.56% | -2.08% |
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VFMO vs. QQQ - Expense Ratio Comparison
VFMO has a 0.13% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VFMO and QQQ is 0.78, 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
VFMO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) 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
VFMO vs. QQQ - Dividend Comparison
VFMO's dividend yield for the trailing twelve months is around 0.65%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFMO Vanguard U.S. Momentum Factor ETF | 0.65% | 0.89% | 1.72% | 0.81% | 0.45% | 1.23% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VFMO vs. QQQ - Drawdown Comparison
The maximum VFMO drawdown since its inception was -36.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VFMO and QQQ. For additional features, visit the drawdowns tool.
Volatility
VFMO vs. QQQ - Volatility Comparison
Vanguard U.S. Momentum Factor ETF (VFMO) and Invesco QQQ (QQQ) have volatilities of 5.81% and 5.66%, 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.