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ETF Comparisons

QQQJ vs. SQQQ

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

QQQJ
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.87

Compare with

Top 10 comparisons with QQQJ:
Compare:
QQQJ
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.87
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 SQQQ:

There are no shared holdings.
Invest with QQQJ
Learn more about SQQQ
QQQJInvesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
SQQQProShares UltraPro Short QQQ

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
**

QQQJ Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Oct 13 2020
Feb 09 2010
Expense ratio
0.15%
0.95%
QQQJ has a lower expense ratio than SQQQ by 0.79%. This can indicate that it’s cheaper to invest in QQQJ than SQQQ.
Type
US Equities
US Equities
QQQJ targets investing in US Equities, while SQQQ targets investing in US Equities.
Fund owner
Invesco
ProShares
QQQJ is managed by Invesco, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$1,918,273
$2,217,551,125
SQQQ 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
$4,455,851,279
QQQJ has more assets under management than SQQQ by $3,802,149,286. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
NASDAQ Next Generation 100 Index
Nasdaq 100 Index
QQQJ is based off of the NASDAQ Next Generation 100 Index, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
QQQJ uses undefined, while SQQQ uses Inverse (-3x). 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 SQQQ 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 SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither QQQJ nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe QQQJ is going to fall, it would make sense to invest in SQQQ, as based on historical data, when QQQJ decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toQQQJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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.