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ETF Comparisons

SCHB vs. QQQJ

Schwab U.S. Broad Market ETF

SCHB
$--
vs

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

QQQJ
$--

Correlation

0.94

Compare with

Top 10 comparisons with SCHB:
Compare:
SCHB
Correlation
With:
QQQJ
Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
0.94
SwitchITOTBlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF1.00IWVBlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00SCHKSchwab Strategic Trust - Schwab 1000 Index ETF1.00VTIVanguard Group, Inc. - Vanguard Total Stock Market ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00IYYBlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF1.00DFUSDimensional ETF Trust - Dimensional U.S. Equity ETF1.00SPTMSPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00

Top 10 shared holdings

The top 10 holdings shared by SCHB and QQQJ:

There are no shared holdings.
Invest with SCHB
Learn more about QQQJ
SCHBSchwab U.S. Broad Market ETF
QQQJInvesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF

What is SCHB?

The fund offers diversified exposure across large- and small-cap U.S. stocks. It seeks investment results that track performance before fees and expenses of the approximately 2500-stock Dow Jones U.S. Broad Stock Market Index?.

Snapshot
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SCHB Schwab U.S. Broad Market ETF
QQQJ Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF
Inception date
Nov 03 2009
Oct 13 2020
Expense ratio
0.03%
0.15%
SCHB has a lower expense ratio than QQQJ by 0.12%. This can indicate that it’s cheaper to invest in SCHB than QQQJ.
Type
US Equities
US Equities
SCHB targets investing in US Equities, while QQQJ targets investing in US Equities.
Fund owner
Schwab
Invesco
SCHB is managed by Schwab, while QQQJ is managed by Invesco.
Volume (1m avg. daily)
$35,304,784
$1,918,273
SCHB 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
$22,376,795,984
$653,701,993
SCHB has more assets under management than QQQJ by $21,723,093,991. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Dow Jones U.S. Broad Stock Market Index
NASDAQ Next Generation 100 Index
SCHB is based off of the Dow Jones U.S. Broad Stock Market Index, while QQQJ is based off of the NASDAQ Next Generation 100 Index
Inverse/Leveraged
No
No
SCHB and QQQJ 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
SCHB and QQQJ 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
SCHB and QQQJ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither SCHB nor QQQJ require a K1.
SCHB and QQQJ’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 toSCHB

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toQQQJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

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.

**

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.