Correlation
The correlation between ^NDXE and QQQ is 0.89, 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.
^NDXE vs. QQQ
Compare and contrast key facts about NASDAQ 100 Equal Weighted Index (^NDXE) and Invesco QQQ (QQQ).
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: ^NDXE or QQQ.
Performance
^NDXE vs. QQQ - Performance Comparison
Loading data...
Key characteristics
^NDXE:
0.38
QQQ:
0.62
^NDXE:
0.59
QQQ:
0.92
^NDXE:
1.08
QQQ:
1.13
^NDXE:
0.31
QQQ:
0.60
^NDXE:
1.10
QQQ:
1.94
^NDXE:
6.15%
QQQ:
7.02%
^NDXE:
22.26%
QQQ:
25.59%
^NDXE:
-58.20%
QQQ:
-82.98%
^NDXE:
-4.45%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, ^NDXE achieves a 4.19% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, ^NDXE has underperformed QQQ with an annualized return of 11.30%, while QQQ has yielded a comparatively higher 17.69% annualized return.
^NDXE
4.19%
6.53%
-0.91%
8.07%
11.14%
11.24%
11.30%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^NDXE vs. QQQ — Risk-Adjusted Performance Rank
^NDXE
QQQ
^NDXE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) 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.
Loading data...
Drawdowns
^NDXE vs. QQQ - Drawdown Comparison
The maximum ^NDXE drawdown since its inception was -58.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^NDXE and QQQ.
Loading data...
Volatility
^NDXE vs. QQQ - Volatility Comparison
The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 5.33%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that ^NDXE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...