EVX vs. QQQ

Last updated Aug 4, 2026

EVX (VanEck Vectors Environmental Services ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - EVX is a Industrials Equities fund tracking the NYSE Arca Environmental Services Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, EVX returned 11.96%/yr vs 20.46%/yr for QQQ. Their 0.54 correlation means they have sometimes moved together and sometimes differently. EVX charges 0.55%/yr vs 0.18%/yr for QQQ.

Performance

EVX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Environmental Services ETF (EVX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVX achieves a 7.03% return, which is significantly lower than QQQ's 14.23% return. Over the past 10 years, EVX has underperformed QQQ with an annualized return of 11.96%, while QQQ has yielded a comparatively higher 20.46% annualized return.

EVX

• 1D: 1.11%
• 1M: -0.84%
• 6M: 0.37%
• YTD: 7.03%
• 1Y: 7.55%
• 3Y*: 9.41%
• 5Y*: 7.57%
• 10Y*: 11.96%
• ALL TIME*: 9.30%

QQQ

• 1D: 1.76%
• 1M: -1.76%
• 6M: 12.07%
• YTD: 14.23%
• 1Y: 27.00%
• 3Y*: 24.17%
• 5Y*: 14.45%
• 10Y*: 20.46%
• ALL TIME*: 10.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVX VanEck Vectors Environmental Services ETF	$224.72K	$207.86K	$298.95K
QQQ Invesco QQQ ETF	$31.40B	$28.17B	$31.69B

EVX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVX VanEck Vectors Environmental Services ETF	7.03%	11.72%	12.99%	12.97%	-10.58%	27.47%	13.28%	28.41%	-3.82%	16.05%
QQQ Invesco QQQ ETF	14.23%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between EVX and QQQ is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Oct 16, 2006	0.54

Over the past year, the correlation between EVX and QQQ has dropped to 0.30 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

EVX vs. QQQ - Sectors Allocation Comparison

Sectors	EVX	QQQ
Industrials	86.5%	2.7%
Basic Materials	8.2%	1.0%
Consumer Defensive	3.9%	6.3%
Utilities	1.4%	1.1%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Financial Services	-	0.2%
Healthcare	-	3.6%
Real Estate	-	0.1%
Technology	-	60.9%
Energy	-0.0%	0.5%

Return for Risk

EVX vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVX

EVX Risk / Return Rank: 23
EVX Sharpe Ratio Rank: 24
EVX Sortino Ratio Rank: 23
EVX Omega Ratio Rank: 22
EVX Calmar Ratio Rank: 23
EVX Martin Ratio Rank: 22

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 55
QQQ Calmar Ratio Rank: 64
QQQ Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Environmental Services ETF (EVX) 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.

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.

	EVX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.40	-0.86
Sortino ratio: Return per unit of downside risk	0.85	1.95	-1.09
Omega ratio: Gain probability vs. loss probability	1.10	1.25	-0.15
Calmar ratio: Return relative to maximum drawdown	0.70	2.27	-1.57
Martin ratio: Return relative to average drawdown	1.54	7.21	-5.67

EVX vs. QQQ - Sharpe Ratio Comparison

The current EVX Sharpe Ratio is 0.54, which is lower than the QQQ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of EVX 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.

Drawdowns

EVX vs. QQQ - Drawdown Comparison

The maximum EVX drawdown since its inception was -55.91%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EVX and QQQ.

Drawdown Indicators

	EVX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-82.97%	+27.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-11.96%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-22.77%	+5.41%
Max Drawdown (5Y) Largest decline over 5 years	-21.45%	-35.12%	+13.67%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-35.12%	-5.89%
Current Drawdown Current decline from peak	-3.31%	-6.07%	+2.76%
Average Drawdown Average peak-to-trough decline	-8.72%	-32.61%	+23.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	3.76%	+1.15%

Volatility

EVX vs. QQQ - Volatility Comparison

The current volatility for VanEck Vectors Environmental Services ETF (EVX) is 3.57%, while Invesco QQQ ETF (QQQ) has a volatility of 6.96%. This indicates that EVX 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.

Volatility by Period

	EVX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	6.96%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	16.12%	-6.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	19.37%	-5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	22.92%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	22.51%	-2.27%

EVX vs. QQQ - Expense Ratio Comparison

EVX has a 0.55% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

EVX vs. QQQ - Dividend Comparison

EVX's dividend yield for the trailing twelve months is around 0.17%, less than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVX VanEck Vectors Environmental Services ETF	0.17%	0.19%	0.46%	0.95%	0.41%	0.24%	0.32%	0.38%	0.38%	0.89%	0.70%	1.16%
QQQ Invesco QQQ ETF	0.43%	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

Can I hold both EVX and QQQ in my portfolio?

EVX and QQQ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVX or QQQ?

QQQ has higher volatility (6.96%) compared to EVX (3.57%). In terms of maximum drawdown, EVX dropped -55.91% vs QQQ's -82.97%.

Which ETF is better, EVX or QQQ?

On 10-year performance, QQQ leads with 20.46% vs 11.96% for EVX. On fees, QQQ is cheaper at 0.18% per year. On volatility, EVX has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVX or QQQ?

Over the 10-year period, QQQ has performed better with a 20.46% return vs 11.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVX or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.55% for EVX.

Which ETF pays a higher dividend yield, EVX or QQQ?

QQQ has the higher dividend yield at 0.43%, compared with 0.17% for EVX.

What is the main difference between EVX and QQQ?

EVX is categorized as Industrials Equities, while QQQ is Nasdaq-100. EVX tracks NYSE Arca Environmental Services Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for EVX and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.40 vs 0.54), 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.