WISE vs. QQQM
Compare and contrast key facts about Themes Generative Artificial Intelligence ETF (WISE) and Invesco NASDAQ 100 ETF (QQQM).
WISE and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WISE is a passively managed fund by Themes that tracks the performance of the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. It was launched on Dec 7, 2023. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both WISE and QQQM 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: WISE or QQQM.
Correlation
The correlation between WISE and QQQM 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.
Performance
WISE vs. QQQM - Performance Comparison
Key characteristics
WISE:
1.52
QQQM:
1.45
WISE:
2.10
QQQM:
1.96
WISE:
1.26
QQQM:
1.26
WISE:
2.24
QQQM:
1.95
WISE:
4.83
QQQM:
6.75
WISE:
9.64%
QQQM:
3.92%
WISE:
30.53%
QQQM:
18.21%
WISE:
-20.81%
QQQM:
-35.05%
WISE:
-3.03%
QQQM:
0.00%
Returns By Period
In the year-to-date period, WISE achieves a 7.53% return, which is significantly higher than QQQM's 5.28% return.
WISE
7.53%
14.55%
45.64%
37.99%
N/A
N/A
QQQM
5.28%
4.19%
13.67%
24.67%
N/A
N/A
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WISE vs. QQQM - Expense Ratio Comparison
WISE has a 0.35% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
WISE vs. QQQM — Risk-Adjusted Performance Rank
WISE
QQQM
WISE vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) and Invesco NASDAQ 100 ETF (QQQM). 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
WISE vs. QQQM - Dividend Comparison
WISE has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
WISE Themes Generative Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
WISE vs. QQQM - Drawdown Comparison
The maximum WISE drawdown since its inception was -20.81%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for WISE and QQQM. For additional features, visit the drawdowns tool.
Volatility
WISE vs. QQQM - Volatility Comparison
Themes Generative Artificial Intelligence ETF (WISE) has a higher volatility of 12.34% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.97%. This indicates that WISE's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.