VOT vs. QQQJ
Compare and contrast key facts about Vanguard Mid-Cap Growth ETF (VOT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
VOT and QQQJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Mid Cap Growth Index. It was launched on Aug 17, 2006. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. Both VOT and QQQJ 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: VOT or QQQJ.
Key characteristics
| VOT | QQQJ | |
|---|---|---|
| YTD Return | 2.12% | 0.95% |
| 1Y Return | 18.35% | 9.93% |
| 3Y Return (Ann) | 0.44% | -5.49% |
| Sharpe Ratio | 1.24 | 0.68 |
| Daily Std Dev | 14.74% | 15.15% |
| Max Drawdown | -60.17% | -39.58% |
| Current Drawdown | -14.22% | -23.17% |
Correlation
The correlation between VOT and QQQJ 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.
Performance
VOT vs. QQQJ - Performance Comparison
In the year-to-date period, VOT achieves a 2.12% return, which is significantly higher than QQQJ's 0.95% 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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VOT vs. QQQJ - Expense Ratio Comparison
VOT has a 0.07% expense ratio, which is lower than QQQJ's 0.15% 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%.
Risk-Adjusted Performance
VOT vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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
VOT vs. QQQJ - Dividend Comparison
VOT's dividend yield for the trailing twelve months is around 0.71%, less than QQQJ's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOT Vanguard Mid-Cap Growth ETF | 0.71% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.81% | 0.79% | 0.61% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.74% | 0.67% | 0.76% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VOT vs. QQQJ - Drawdown Comparison
The maximum VOT drawdown since its inception was -60.17%, which is greater than QQQJ's maximum drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for VOT and QQQJ. For additional features, visit the drawdowns tool.
Volatility
VOT vs. QQQJ - Volatility Comparison
Vanguard Mid-Cap Growth ETF (VOT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ) have volatilities of 4.71% and 4.68%, 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.