^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 0.38, 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
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Key characteristics
^IBEX:
1.38
QQQ:
0.67
^IBEX:
1.70
QQQ:
1.12
^IBEX:
1.25
QQQ:
1.16
^IBEX:
0.62
QQQ:
0.77
^IBEX:
6.66
QQQ:
2.53
^IBEX:
3.22%
QQQ:
6.97%
^IBEX:
16.59%
QQQ:
25.50%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-13.65%
QQQ:
-4.29%
Returns By Period
In the year-to-date period, ^IBEX achieves a 18.75% return, which is significantly higher than QQQ's 1.00% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.95%, while QQQ has yielded a comparatively higher 17.72% annualized return.
^IBEX
18.75%
12.07%
20.97%
23.47%
15.70%
1.95%
QQQ
1.00%
13.47%
0.83%
17.08%
19.20%
17.72%
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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.
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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.
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Volatility
^IBEX vs. QQQ - Volatility Comparison
The current volatility for IBEX 35 Index (^IBEX) is 3.94%, while Invesco QQQ (QQQ) has a volatility of 7.54%. 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.
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