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^IBEX vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility

^IBEX vs. QQQ

Last updated Jun 4, 2026

^IBEX (IBEX 35 Index) is an index, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, ^IBEX returned 7.52%/yr vs 21.69%/yr for QQQ. At a 0.30 correlation, their price movements are largely independent.

Performance

^IBEX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IBEX 35 Index (^IBEX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

^IBEX is traded in EUR, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^IBEX achieves a 5.02% return, which is significantly lower than QQQ's 22.86% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 7.52%, while QQQ has yielded a comparatively higher 21.69% annualized return.

^IBEX

1D
-0.53%
1M
4.72%
YTD
5.02%
6M
9.59%
1Y
28.65%
3Y*
24.95%
5Y*
14.87%
10Y*
7.52%

QQQ

1D
0.00%
1M
11.49%
YTD
22.86%
6M
20.42%
1Y
39.12%
3Y*
25.40%
5Y*
19.10%
10Y*
21.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^IBEX vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^IBEX
IBEX 35 Index		5.02%49.27%14.78%22.76%-5.56%7.93%-15.45%11.82%-14.97%7.40%
QQQ
Invesco QQQ ETF		22.75%6.44%33.87%50.21%-28.40%36.95%36.37%42.10%4.56%16.36%

Correlation

The correlation between ^IBEX and QQQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2007

0.30

The correlation between ^IBEX and QQQ shifts across timeframes, from 0.16 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

IBEX 35 Index

Invesco QQQ ETF

Often compared with ^IBEX:
^IBEX vs. ^GSPC^IBEX vs. SAN^IBEX vs. ^FCHI^IBEX vs. ^NDX^IBEX vs. BBVA^IBEX vs. ISX5.L^IBEX vs. AENA.MC
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

^IBEX vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^IBEX
^IBEX Risk / Return Rank: 6262
Overall Rank
^IBEX Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
^IBEX Sortino Ratio Rank: 6060
Sortino Ratio Rank
^IBEX Omega Ratio Rank: 6262
Omega Ratio Rank
^IBEX Calmar Ratio Rank: 6767
Calmar Ratio Rank
^IBEX Martin Ratio Rank: 6262
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^IBEX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and Invesco QQQ ETF (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.

^IBEXQQQDifference

Sharpe ratio

Return per unit of total volatility

1.76

2.43

-0.68

Sortino ratio

Return per unit of downside risk

2.47

3.09

-0.62

Omega ratio

Gain probability vs. loss probability

1.32

1.42

-0.10

Calmar ratio

Return relative to maximum drawdown

2.89

3.57

-0.67

Martin ratio

Return relative to average drawdown

9.61

11.18

-1.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^IBEX vs. QQQ - Sharpe Ratio Comparison

The current ^IBEX Sharpe Ratio is 1.76, which is comparable to the QQQ Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of ^IBEX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^IBEXQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

2.43

-0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.87

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.96

-0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.79

-0.53

Drawdowns

^IBEX vs. QQQ - Drawdown Comparison

The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than QQQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for ^IBEX and QQQ.

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Drawdown Indicators

^IBEXQQQDifference

Max Drawdown

Largest peak-to-trough decline

-62.65%

-46.01%

-16.64%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-11.01%

+1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-12.60%

-27.21%

+14.61%

Max Drawdown (5Y)

Largest decline over 5 years

-21.76%

-30.99%

+9.23%

Max Drawdown (10Y)

Largest decline over 10 years

-45.16%

-30.99%

-14.17%

Current Drawdown

Current decline from peak

-1.73%

0.00%

-1.73%

Average Drawdown

Average peak-to-trough decline

-28.32%

-7.79%

-20.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

3.51%

-0.61%

Volatility

^IBEX vs. QQQ - Volatility Comparison

IBEX 35 Index (^IBEX) has a higher volatility of 5.03% compared to Invesco QQQ ETF (QQQ) at 3.68%. This indicates that ^IBEX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^IBEXQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.03%

3.68%

+1.35%

Volatility (6M)

Calculated over the trailing 6-month period

13.16%

11.50%

+1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

16.19%

-0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.30%

22.04%

-5.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.50%

22.60%

-4.10%

Frequently Asked Questions

^IBEX and QQQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^IBEX has higher volatility (5.03%) compared to QQQ (3.68%). In terms of maximum drawdown, ^IBEX dropped -62.65% vs QQQ's -46.01%.

QQQ currently has the higher Sharpe Ratio (2.43 vs 1.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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