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QQQ vs. ARKF

Invesco QQQ Trust, Series 1

QQQ
$--
vs

ARK Fintech Innovation ETF

ARKF
$--

Correlation

0.80
QQQInvesco QQQ Trust, Series 1
ARKFARK Fintech Innovation 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
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QQQ Invesco QQQ Trust, Series 1
ARKF ARK Fintech Innovation ETF
Inception date
Mar 10 1999
Feb 04 2019
Expense ratio
0.20%
0.75%
QQQ has a lower expense ratio than ARKF by 0.55%. This can indicate that it’s cheaper to invest in QQQ than ARKF.
Type
US Equities
Global Equities
QQQ targets investing in US Equities, while ARKF targets investing in Global Equities.
Fund owner
Invesco
ARK Funds
QQQ is managed by Invesco, while ARKF is managed by ARK Funds.
Volume (1m avg. daily)
$17,559,045,883
$9,483,865
Both QQQ and ARKF 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
$808,992,455
QQQ has more assets under management than ARKF by $197,147,576,985. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
None
QQQ is based off of the Nasdaq 100 Index, while ARKF is based off of the undefined
Inverse/Leveraged
No
No
QQQ and ARKF 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
Active
QQQ uses a Passive investing strategy, while ARKF uses a Active investing strategy.
Dividend
No
No
QQQ and ARKF may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
QQQ may issue a K1, while ARKF does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
QQQ and ARKF’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toARKF

Create your own algorithmic
trading strategy

Disclaimers

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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.