HBRD vs. QQQM

Last updated Jul 8, 2026

HBRD (Invesco U.S. Hybrid Bond ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - HBRD is a Corporate Bonds fund tracking the ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. HBRD charges 0.40%/yr vs 0.15%/yr for QQQM.

Performance

HBRD vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco U.S. Hybrid Bond ETF (HBRD) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HBRD

• 1D: -0.12%
• 1M: 0.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -1.81%
• 1M: 0.73%
• 6M: 14.10%
• YTD: 15.80%
• 1Y: 29.24%
• 3Y*: 25.46%
• 5Y*: 15.38%
• 10Y*: —

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

HBRD vs. QQQM - Yearly Performance Comparison

	2026 (YTD)
HBRD Invesco U.S. Hybrid Bond ETF	0.31%
QQQM Invesco NASDAQ 100 ETF	17.01%

Correlation

The correlation between HBRD and QQQM is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.70

Return for Risk

HBRD vs. QQQM — Risk / Return Rank

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

HBRD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQM

QQQM Risk / Return Rank: 56
QQQM Sharpe Ratio Rank: 56
QQQM Sortino Ratio Rank: 52
QQQM Omega Ratio Rank: 54
QQQM Calmar Ratio Rank: 59
QQQM Martin Ratio Rank: 59

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.

HBRD vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco U.S. Hybrid Bond ETF (HBRD) 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.

	HBRD	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.46	—
Martin ratio: Return relative to average drawdown	—	8.88	—

Drawdowns

HBRD vs. QQQM - Drawdown Comparison

The maximum HBRD drawdown since its inception was -2.94%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for HBRD and QQQM.

Drawdown Indicators

	HBRD	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-2.94%	-35.04%	+32.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-0.12%	-4.80%	+4.68%
Average Drawdown Average peak-to-trough decline	-0.68%	-8.17%	+7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.30%	—

Volatility

Volatility by Period

	HBRD	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	18.28%	-14.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.39%	22.62%	-19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.39%	22.31%	-18.92%

HBRD vs. QQQM - Expense Ratio Comparison

HBRD has a 0.40% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

HBRD vs. QQQM - Dividend Comparison

HBRD's dividend yield for the trailing twelve months is around 1.98%, more than QQQM's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HBRD Invesco U.S. Hybrid Bond ETF	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.45%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both HBRD and QQQM in my portfolio?

HBRD and QQQM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HBRD or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBRD or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.40% for HBRD.

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

HBRD has the higher dividend yield at 1.98%, compared with 0.45% for QQQM.

What is the main difference between HBRD and QQQM?

HBRD is categorized as Corporate Bonds, while QQQM is Nasdaq-100. HBRD tracks ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.40% for HBRD and 0.15% for QQQM.