BSMIX vs. QQQ
BSMIX (iShares Russell Small/Mid-Cap Index Fund) and QQQ (Invesco QQQ ETF) are both funds - BSMIX is a Small Cap Blend Equities fund managed by BlackRock, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, BSMIX returned 11.77%/yr vs 21.94%/yr for QQQ. A 0.71 correlation means they provide meaningful diversification when combined. BSMIX charges 0.12%/yr vs 0.18%/yr for QQQ.
Performance
BSMIX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BSMIX achieves a 19.06% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, BSMIX has underperformed QQQ with an annualized return of 11.77%, while QQQ has yielded a comparatively higher 21.94% annualized return.
BSMIX
- 1D
- 0.93%
- 1M
- 5.13%
- YTD
- 19.06%
- 6M
- 18.96%
- 1Y
- 36.89%
- 3Y*
- 18.79%
- 5Y*
- 7.82%
- 10Y*
- 11.77%
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
BSMIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 19.06% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 20.28% | 27.62% | -10.22% | 16.75% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between BSMIX and QQQ is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.71 |
The correlation between BSMIX and QQQ has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
BSMIX vs. QQQ — Risk / Return Rank
BSMIX
QQQ
BSMIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) 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.
| BSMIX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.51 | +0.63 |
| Martin ratioReturn relative to average drawdown | 15.76 | 13.49 | +2.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSMIX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.64 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.81 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.99 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.41 | +0.15 |
Drawdowns
BSMIX vs. QQQ - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BSMIX and QQQ.
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Drawdown Indicators
| BSMIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -82.97% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -11.96% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -22.77% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -35.12% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -35.12% | -6.20% |
Current DrawdownCurrent decline from peak | 0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -32.79% | +25.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 3.11% | -0.64% |
Volatility
BSMIX vs. QQQ - Volatility Comparison
iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a higher volatility of 5.13% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that BSMIX'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
| BSMIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 4.49% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 12.10% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 15.94% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 22.38% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 22.29% | -0.58% |
BSMIX vs. QQQ - Expense Ratio Comparison
BSMIX has a 0.12% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMIX vs. QQQ - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 2.43%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.43% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.00% |
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
BSMIX and QQQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSMIX has higher volatility (5.13%) compared to QQQ (4.49%). In terms of maximum drawdown, BSMIX dropped -41.32% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.64 vs 2.26), 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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