QQQM vs. QQQ - ETF Comparison
QQQM - Invesco NASDAQ 100 ETF
The Invesco NASDAQ 100 ETF (QQQM) is an equity exchange-traded fund that aims to replicate the performance of the NASDAQ-100 Index, comprised of the 100 largest non-financial companies listed on the Nasdaq Stock Market. Launched on October 13, 2020, QQQM distinguishes itself from its older counterpart, the QQQ Trust, by offering a lower management fee and the ability to reinvest dividends, catering specifically to buy-and-hold investors. It stands as an appealing option for those seeking exposure to top tech and non-financial companies with the added benefits suited for long-term investment strategies.
QQQ - Invesco QQQ Trust Series I
The Invesco QQQ Trust Series I (Symbol: QQQ) is a widely recognized ETF that tracks the NASDAQ-100 Index, focusing on equity assets primarily from the technology sector since its inception on March 10, 1999. This ETF is favored for its substantial allocation towards technology companies, encapsulating the sector's potential for high volatility and significant gains, which appeals predominantly to short-term traders due to its high average daily trading volumes. Despite its proclivity for notable sector-specific swings, QQQ offers a cost-efficient means for investors to gain exposure to the tech-heavy NASDAQ-100 Index, though its narrow focus of 100 names suggests a concentration risk that may not suit those seeking diversified, long-term investment strategies.
| QQQM | QQQ | |
|---|---|---|
| ETF Name | Invesco NASDAQ 100 ETF | Invesco QQQ Trust Series I |
| Issuer | Invesco | Invesco |
| Number Of Holdings | 103 | 102 |
| Expense Ratio | 0.15% | 0.2% |
| Tracked Index | NASDAQ-100 Index | NASDAQ-100 Index |
| Asset Class | Equity | Equity |
| Inception Date | 13 October 2020 | 10 March 1999 |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method that uses random sampling to assess the risk and estimate the range of possible future returns of investment portfolios. It takes into account the initial investment and optionally contributions or withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.