VOT vs. QQQJ

Last updated Jun 5, 2026

VOT (Vanguard Mid-Cap Growth ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both exchange-traded funds - VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while QQQJ is a Large Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past 5 years, VOT returned 7.03%/yr vs 7.79%/yr for QQQJ. Their correlation of 0.94 suggests significant overlap in exposure. VOT charges 0.05%/yr vs 0.15%/yr for QQQJ.

Performance

VOT vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOT achieves a 9.14% return, which is significantly lower than QQQJ's 23.83% return.

VOT

• 1D: 0.69%
• 1M: 5.16%
• YTD: 9.14%
• 6M: 6.88%
• 1Y: 12.25%
• 3Y*: 16.56%
• 5Y*: 7.03%
• 10Y*: 12.21%

QQQJ

• 1D: 0.49%
• 1M: 10.77%
• YTD: 23.83%
• 6M: 23.61%
• 1Y: 47.01%
• 3Y*: 22.59%
• 5Y*: 7.79%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOT vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VOT Vanguard Mid-Cap Growth ETF	9.14%	10.72%	16.38%	23.10%	-28.87%	20.50%	10.67%
QQQJ Invesco NASDAQ Next Gen 100 ETF	23.83%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.25%

Correlation

The correlation between VOT and QQQJ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.94

The correlation between VOT and QQQJ has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

VOT vs. QQQJ - Sectors Allocation Comparison

Sectors	VOT	QQQJ
Technology	28.9%	39.3%
Industrials	23.7%	11.2%
Consumer Cyclical	13.9%	11.4%
Healthcare	9.3%	18.3%
Financial Services	6.8%	1.0%
Real Estate	4.8%	-
Communication Services	3.8%	6.8%
Utilities	3.5%	2.6%
Energy	2.7%	2.6%
Basic Materials	1.8%	2.7%
Consumer Defensive	0.8%	2.6%

Return for Risk

VOT vs. QQQJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOT

VOT Risk / Return Rank: 22
VOT Sharpe Ratio Rank: 23
VOT Sortino Ratio Rank: 23
VOT Omega Ratio Rank: 22
VOT Calmar Ratio Rank: 19
VOT Martin Ratio Rank: 21

QQQJ

QQQJ Risk / Return Rank: 80
QQQJ Sharpe Ratio Rank: 82
QQQJ Sortino Ratio Rank: 79
QQQJ Omega Ratio Rank: 76
QQQJ Calmar Ratio Rank: 79
QQQJ Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOT vs. QQQJ - Risk-Adjusted Trends 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.

	VOT	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	0.78	2.62	-1.84
Sortino ratio: Return per unit of downside risk	1.18	3.49	-2.32
Omega ratio: Gain probability vs. loss probability	1.14	1.45	-0.31
Calmar ratio: Return relative to maximum drawdown	0.77	3.99	-3.22
Martin ratio: Return relative to average drawdown	2.31	17.19	-14.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOT vs. QQQJ - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.78, which is lower than the QQQJ Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of VOT and QQQJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOT	QQQJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	2.62	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.36	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.49	-0.03

Drawdowns

VOT vs. QQQJ - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, which is greater than QQQJ's maximum drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for VOT and QQQJ.

Drawdown Indicators

	VOT	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-39.57%	-20.59%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-11.84%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-22.46%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-39.57%	+2.38%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.20%	+0.06%
Average Drawdown Average peak-to-trough decline	-9.96%	-15.73%	+5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	2.74%	+2.58%

Volatility

VOT vs. QQQJ - Volatility Comparison

The current volatility for Vanguard Mid-Cap Growth ETF (VOT) is 4.30%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 5.59%. This indicates that VOT experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOT	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	5.59%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	14.65%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	18.06%	-2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	22.02%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	22.05%	-1.07%

VOT vs. QQQJ - Expense Ratio Comparison

VOT has a 0.05% 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%.

Dividends

VOT vs. QQQJ - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.61%, less than QQQJ's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.71%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%
VOT Vanguard Mid-Cap Growth ETF	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%

Frequently Asked Questions

Can I hold both VOT and QQQJ in my portfolio?

VOT and QQQJ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOT or QQQJ?

QQQJ has higher volatility (5.59%) compared to VOT (4.30%). In terms of maximum drawdown, VOT dropped -60.16% vs QQQJ's -39.57%.

Which ETF is better, VOT or QQQJ?

On 5-year performance, QQQJ leads with 7.79% vs 7.03% for VOT. On fees, VOT is cheaper at 0.05% per year. On volatility, VOT has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOT or QQQJ?

Over the 5-year period, QQQJ has performed better with a 7.79% return vs 7.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOT or QQQJ?

VOT is cheaper with a 0.05% expense ratio, compared with 0.15% for QQQJ.

Which ETF pays a higher dividend yield, VOT or QQQJ?

QQQJ has the higher dividend yield at 0.71%, compared with 0.61% for VOT.

What is the main difference between VOT and QQQJ?

VOT is categorized as Mid Cap Growth Equities, while QQQJ is Large Cap Growth Equities. VOT tracks CRSP US Mid Cap Growth Index, while QQQJ tracks NASDAQ Next Generation 100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.05% for VOT and 0.15% for QQQJ.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.62 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.