VITAX vs. QQQ
Compare and contrast key facts about Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Invesco QQQ (QQQ).
VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both VITAX and QQQ 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: VITAX or QQQ.
Performance
VITAX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, VITAX achieves a 25.24% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, VITAX has outperformed QQQ with an annualized return of 20.53%, while QQQ has yielded a comparatively lower 17.95% annualized return.
VITAX
25.24%
0.65%
13.56%
33.21%
21.94%
20.53%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| VITAX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.70 |
| Sortino Ratio | 2.10 | 2.29 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 2.20 | 2.19 |
| Martin Ratio | 7.92 | 7.96 |
| Ulcer Index | 4.24% | 3.72% |
| Daily Std Dev | 21.20% | 17.39% |
| Max Drawdown | -54.81% | -82.98% |
| Current Drawdown | -3.55% | -3.42% |
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VITAX vs. QQQ - Expense Ratio Comparison
VITAX has a 0.10% 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 VITAX and QQQ is 0.96, 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
VITAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology Index Fund Admiral Shares (VITAX) 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
VITAX vs. QQQ - Dividend Comparison
VITAX's dividend yield for the trailing twelve months is around 0.62%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.62% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.30% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
VITAX vs. QQQ - Drawdown Comparison
The maximum VITAX drawdown since its inception was -54.81%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VITAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VITAX vs. QQQ - Volatility Comparison
Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a higher volatility of 6.51% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that VITAX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.