^IXIC vs. QQQM
^IXIC (NASDAQ Composite) is an index, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, ^IXIC returned 12.23%/yr vs 16.11%/yr for QQQM. With a 0.99 correlation, they move nearly in lockstep.
Performance
^IXIC vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, ^IXIC achieves a 10.09% return, which is significantly lower than QQQM's 16.48% return.
^IXIC
- 1D
- -2.21%
- 1M
- -2.87%
- YTD
- 10.09%
- 6M
- 8.60%
- 1Y
- 30.34%
- 3Y*
- 23.78%
- 5Y*
- 12.23%
- 10Y*
- 18.45%
QQQM
- 1D
- -3.30%
- 1M
- -0.42%
- YTD
- 16.48%
- 6M
- 15.00%
- 1Y
- 34.99%
- 3Y*
- 26.15%
- 5Y*
- 16.11%
- 10Y*
- —
^IXIC vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
^IXIC NASDAQ Composite | 10.09% | 20.36% | 28.64% | 43.42% | -33.10% | 21.39% | 8.52% |
QQQM Invesco NASDAQ 100 ETF | 16.48% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between ^IXIC and QQQM is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.99 |
The correlation between ^IXIC and QQQM has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
^IXIC vs. QQQM — Risk / Return Rank
^IXIC
QQQM
^IXIC vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) and Invesco NASDAQ 100 ETF (QQQM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^IXIC | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.94 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.65 | 10.88 | -2.23 |
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Drawdowns
^IXIC vs. QQQM - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for ^IXIC and QQQM.
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Drawdown Indicators
| ^IXIC | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.93% | -35.04% | -42.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -11.96% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -22.70% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -36.40% | -35.04% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -36.40% | — | — |
Current DrawdownCurrent decline from peak | -5.56% | -4.24% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -21.38% | -8.20% | -13.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.22% | +0.29% |
Volatility
^IXIC vs. QQQM - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 7.66%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.00%. This indicates that ^IXIC experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^IXIC | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 9.00% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | 14.43% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 17.85% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 22.53% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 22.30% | -0.22% |
Frequently Asked Questions
With a correlation of 0.98, ^IXIC and QQQM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
QQQM has higher volatility (9.00%) compared to ^IXIC (7.66%). In terms of maximum drawdown, ^IXIC dropped -77.93% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.97 vs 1.73), 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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