WFH vs. QQQ
Compare and contrast key facts about Direxion Work From Home ETF (WFH) and Invesco QQQ (QQQ).
WFH and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WFH is a passively managed fund by Direxion that tracks the performance of the Solactive Remote Work Index. It was launched on Jun 25, 2020. 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 WFH 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: WFH or QQQ.
Correlation
The correlation between WFH and QQQ is 0.84, 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
WFH vs. QQQ - Performance Comparison
Key characteristics
WFH:
1.36
QQQ:
1.44
WFH:
1.83
QQQ:
1.95
WFH:
1.24
QQQ:
1.26
WFH:
0.73
QQQ:
1.94
WFH:
4.97
QQQ:
6.71
WFH:
5.19%
QQQ:
3.92%
WFH:
18.83%
QQQ:
18.27%
WFH:
-51.23%
QQQ:
-82.98%
WFH:
-9.76%
QQQ:
0.00%
Returns By Period
In the year-to-date period, WFH achieves a 9.76% return, which is significantly higher than QQQ's 5.27% return.
WFH
9.76%
6.73%
27.97%
24.29%
N/A
N/A
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
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WFH vs. QQQ - Expense Ratio Comparison
WFH has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
WFH vs. QQQ — Risk-Adjusted Performance Rank
WFH
QQQ
WFH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Work From Home ETF (WFH) 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
WFH vs. QQQ - Dividend Comparison
WFH's dividend yield for the trailing twelve months is around 0.46%, less than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFH Direxion Work From Home ETF | 0.46% | 0.50% | 0.67% | 0.42% | 0.79% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
WFH vs. QQQ - Drawdown Comparison
The maximum WFH drawdown since its inception was -51.23%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WFH and QQQ. For additional features, visit the drawdowns tool.
Volatility
WFH vs. QQQ - Volatility Comparison
Direxion Work From Home ETF (WFH) has a higher volatility of 5.40% compared to Invesco QQQ (QQQ) at 5.01%. This indicates that WFH'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.