GTOH vs. QQQM

Last updated Jun 4, 2026

GTOH (Invesco Short Duration High Yield ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - GTOH is a High Yield Bonds fund actively managed by Invesco, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. GTOH is actively managed, while QQQM is passively managed. Over the past 3 years, GTOH returned 7.86%/yr vs 28.89%/yr for QQQM. A 0.57 correlation means they provide meaningful diversification when combined. GTOH charges 0.48%/yr vs 0.15%/yr for QQQM.

Performance

GTOH vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Duration High Yield ETF (GTOH) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTOH achieves a 1.66% return, which is significantly lower than QQQM's 21.39% return.

GTOH

• 1D: -0.20%
• 1M: 0.42%
• YTD: 1.66%
• 6M: 1.83%
• 1Y: 6.97%
• 3Y*: 7.86%
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 10Y*: —

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

GTOH vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GTOH Invesco Short Duration High Yield ETF	1.66%	7.91%	6.57%	10.54%	-1.34%
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-5.41%

Correlation

The correlation between GTOH and QQQM is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.57

The correlation between GTOH and QQQM has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

GTOH vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTOH

GTOH Risk / Return Rank: 75
GTOH Sharpe Ratio Rank: 73
GTOH Sortino Ratio Rank: 82
GTOH Omega Ratio Rank: 77
GTOH Calmar Ratio Rank: 62
GTOH Martin Ratio Rank: 78

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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.

GTOH vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield ETF (GTOH) 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.

	GTOH	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.65	-0.31
Sortino ratio: Return per unit of downside risk	3.63	3.46	+0.17
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	3.06	3.53	-0.47
Martin ratio: Return relative to average drawdown	15.02	13.52	+1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTOH vs. QQQM - Sharpe Ratio Comparison

The current GTOH Sharpe Ratio is 2.34, which is comparable to the QQQM Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of GTOH and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GTOH	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.65	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.85	+0.78

Drawdowns

GTOH vs. QQQM - Drawdown Comparison

The maximum GTOH drawdown since its inception was -4.77%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for GTOH and QQQM.

Drawdown Indicators

	GTOH	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-4.77%	-35.04%	+30.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	-11.96%	+9.67%
Max Drawdown (3Y) Largest decline over 3 years	-4.13%	-22.70%	+18.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-0.20%	-0.20%	0.00%
Average Drawdown Average peak-to-trough decline	-0.67%	-8.25%	+7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	3.11%	-2.64%

Volatility

GTOH vs. QQQM - Volatility Comparison

The current volatility for Invesco Short Duration High Yield ETF (GTOH) is 0.82%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.48%. This indicates that GTOH 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.

Volatility by Period

	GTOH	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	4.48%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	12.05%	-9.75%
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	15.91%	-12.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.47%	22.24%	-17.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.47%	22.12%	-17.65%

GTOH vs. QQQM - Expense Ratio Comparison

GTOH has a 0.48% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

GTOH vs. QQQM - Dividend Comparison

GTOH's dividend yield for the trailing twelve months is around 6.24%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GTOH Invesco Short Duration High Yield ETF	6.24%	6.57%	6.81%	6.81%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both GTOH and QQQM in my portfolio?

GTOH and QQQM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTOH or QQQM?

QQQM has higher volatility (4.48%) compared to GTOH (0.82%). In terms of maximum drawdown, GTOH dropped -4.77% vs QQQM's -35.04%.

Which ETF is better, GTOH or QQQM?

On 3-year performance, QQQM leads with 28.89% vs 7.86% for GTOH. On fees, QQQM is cheaper at 0.15% per year. On volatility, GTOH has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTOH or QQQM?

Over the 3-year period, QQQM has performed better with a 28.89% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTOH or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.48% for GTOH.

Which ETF pays a higher dividend yield, GTOH or QQQM?

GTOH has the higher dividend yield at 6.24%, compared with 0.41% for QQQM.

What is the main difference between GTOH and QQQM?

GTOH is categorized as High Yield Bonds, while QQQM is Nasdaq-100. Their fees differ too: 0.48% for GTOH and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.65 vs 2.34), 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.