^IBEX vs. QQQ
Compare and contrast key facts about IBEX 35 Index (^IBEX) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or QQQ.
Correlation
The correlation between ^IBEX and QQQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^IBEX vs. QQQ - Performance Comparison
Key characteristics
^IBEX:
1.43
QQQ:
1.43
^IBEX:
1.97
QQQ:
1.95
^IBEX:
1.25
QQQ:
1.26
^IBEX:
0.49
QQQ:
1.92
^IBEX:
6.79
QQQ:
6.71
^IBEX:
2.76%
QQQ:
3.88%
^IBEX:
13.17%
QQQ:
18.19%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-25.74%
QQQ:
-4.51%
Returns By Period
In the year-to-date period, ^IBEX achieves a 2.12% return, which is significantly higher than QQQ's 0.36% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.52%, while QQQ has yielded a comparatively higher 18.64% annualized return.
^IBEX
2.12%
2.18%
6.22%
19.99%
4.03%
1.52%
QQQ
0.36%
-4.09%
7.33%
26.75%
18.92%
18.64%
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Risk-Adjusted Performance
^IBEX vs. QQQ — Risk-Adjusted Performance Rank
^IBEX
QQQ
^IBEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^IBEX vs. QQQ - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^IBEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. QQQ - Volatility Comparison
The current volatility for IBEX 35 Index (^IBEX) is 4.24%, while Invesco QQQ (QQQ) has a volatility of 6.17%. This indicates that ^IBEX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.