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QQQ vs. AGG

Invesco QQQ Trust, Series 1

QQQ
$--
vs

iShares Core U.S. Aggregate Bond ETF

AGG
$--

Correlation

0.31
QQQInvesco QQQ Trust, Series 1
AGGiShares Core U.S. Aggregate Bond ETF

What is QQQ?

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQ Invesco QQQ Trust, Series 1
AGG iShares Core U.S. Aggregate Bond ETF
Inception date
Mar 10 1999
Sep 22 2003
Expense ratio
0.20%
0.03%
QQQ has a higher expense ratio than AGG by 0.17%. This can indicate that it’s more expensive to invest in QQQ than AGG.
Type
US Equities
US Bonds
QQQ targets investing in US Equities, while AGG targets investing in US Bonds.
Fund owner
Invesco
Blackrock (iShares)
QQQ is managed by Invesco, while AGG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$17,559,045,883
$631,408,505
Both QQQ and AGG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$197,956,569,440
$91,680,069,240
QQQ has more assets under management than AGG by $106,276,500,200. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
Bloomberg US Aggregate Bond Index
QQQ is based off of the Nasdaq 100 Index, while AGG is based off of the Bloomberg US Aggregate Bond Index
Inverse/Leveraged
No
No
QQQ and AGG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
QQQ and AGG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
QQQ and AGG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
QQQ may issue a K1, while AGG does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toAGG

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.