XDQQ vs. QQQ
Compare and contrast key facts about Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Invesco QQQ (QQQ).
XDQQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDQQ or QQQ.
Key characteristics
| XDQQ | QQQ | |
|---|---|---|
| YTD Return | 3.39% | 3.82% |
| 1Y Return | 18.29% | 32.66% |
| 3Y Return (Ann) | 0.70% | 8.61% |
| Sharpe Ratio | 1.40 | 2.00 |
| Daily Std Dev | 13.12% | 16.23% |
| Max Drawdown | -35.63% | -82.98% |
| Current Drawdown | -11.46% | -4.88% |
Correlation
The correlation between XDQQ and QQQ is 0.95, 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
XDQQ vs. QQQ - Performance Comparison
In the year-to-date period, XDQQ achieves a 3.39% return, which is significantly lower than QQQ's 3.82% 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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XDQQ vs. QQQ - Expense Ratio Comparison
XDQQ has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
XDQQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) 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
XDQQ vs. QQQ - Dividend Comparison
XDQQ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
XDQQ vs. QQQ - Drawdown Comparison
The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XDQQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
XDQQ vs. QQQ - Volatility Comparison
Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Invesco QQQ (QQQ) have volatilities of 5.46% and 5.44%, 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.