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ETF Comparisons

QQQJ vs. ITOT

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF

QQQJ
$--
vs

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--

Correlation

0.94

Compare with

Top 10 comparisons with QQQJ:
Compare:
QQQJ
Correlation
With:
ITOT
iShares Core S&P Total U.S. Stock Market ETF
0.94
SwitchIWPBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF0.98VOTVanguard Group, Inc. - Vanguard Mid-Cap Growth ETF0.97IMCGBlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF0.97VBKVanguard Group, Inc. - Vanguard Small Cap Growth ETF0.97NUMGNuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF0.97EUSABlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF0.96SIZEBlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF0.96HIBLDirexion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares0.96VXFVanguard Group, Inc. - Vanguard Extended Market Index ETF0.96SPHBInvesco Capital Management LLC - Invesco S&P 500 High Beta ETF0.96

Top 10 shared holdings

The top 10 holdings shared by QQQJ and ITOT:

There are no shared holdings.
Invest with QQQJ
Learn more about ITOT
QQQJInvesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
ITOTiShares Core S&P Total U.S. Stock Market ETF

What is QQQJ?

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index. The Fund and Index are rebalanced quarterly and reconstituted annually.

Snapshot
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QQQJ Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
ITOT iShares Core S&P Total U.S. Stock Market ETF
Inception date
Oct 13 2020
Jan 20 2004
Expense ratio
0.15%
0.03%
QQQJ has a higher expense ratio than ITOT by 0.12%. This can indicate that it’s more expensive to invest in QQQJ than ITOT.
Type
US Equities
US Equities
QQQJ targets investing in US Equities, while ITOT targets investing in US Equities.
Fund owner
Invesco
Blackrock (iShares)
QQQJ is managed by Invesco, while ITOT is managed by Blackrock (iShares).
Volume (1m avg. daily)
$1,918,273
$92,311,586
ITOT is considered a high-volume asset, while ETF2 is low-volume. Low-volume assets will suffer from poor execution price – you can find a high-volume alternative ETF in QQQJ’s related ETFs section.
AUM
$653,701,993
$43,679,376,151
QQQJ has more assets under management than ITOT by $43,025,674,158. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
NASDAQ Next Generation 100 Index
S&P Total Market Index
QQQJ is based off of the NASDAQ Next Generation 100 Index, while ITOT is based off of the S&P Total Market Index
Inverse/Leveraged
No
No
QQQJ and ITOT 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
QQQJ and ITOT 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
QQQJ and ITOT may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither QQQJ nor ITOT require a K1.
QQQJ and ITOT’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 toQQQJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Automated Strategies
Related toITOT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

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.

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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.