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IAK vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAK vs. QQQM

Last updated Jul 26, 2026
Documentation

IAK (iShares U.S. Insurance ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IAK returned 16.26%/yr vs 13.97%/yr for QQQM. Their 0.25 correlation means their historical movements had little consistent relationship. IAK charges 0.38%/yr vs 0.15%/yr for QQQM.

Performance

IAK vs. QQQM - Performance Comparison

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

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Returns By Period

In the year-to-date period, IAK achieves a 10.81% return, which is significantly lower than QQQM's 11.65% return.

IAK

1D
2.11%
1M
7.61%
6M
16.12%
YTD
10.81%
1Y
17.49%
3Y*
20.39%
5Y*
16.26%
10Y*
13.33%
ALL TIME*
7.43%

QQQM

1D
-1.16%
1M
-4.48%
6M
10.14%
YTD
11.65%
1Y
21.43%
3Y*
22.56%
5Y*
13.97%
10Y*
—
ALL TIME*
16.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IAK

iShares U.S. Insurance ETF
$21.27M$20.97M$10.82M

QQQM

Invesco NASDAQ 100 ETF
$905.61M$924.70M$1.17B

IAK vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IAK
iShares U.S. Insurance ETF		10.81%9.50%28.25%11.28%11.33%26.84%14.05%
QQQM
Invesco NASDAQ 100 ETF		11.65%20.85%25.68%55.01%-32.52%27.45%6.64%

Correlation

The correlation between IAK and QQQM is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.20

Correlation (3Y)
Balances recent behavior with more history.

0.05

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.26

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.25

The correlation between IAK and QQQM shifts across timeframes, from -0.20 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

IAK vs. QQQM - Sectors Allocation Comparison

Sectors
IAK
QQQM

Financial Services

99.3%
0.2%

Healthcare

0.7%
3.6%

Basic Materials

-

1.0%

Communication Services

-

13.1%

Consumer Cyclical

-

10.7%

Consumer Defensive

-

6.3%

Energy

-

0.5%

Industrials

-

2.7%

Real Estate

-

0.1%

Technology

-

60.9%

Utilities

-

1.1%

Financial Services

IAK
99.3%
QQQM
0.2%

Healthcare

IAK
0.7%
QQQM
3.6%

Basic Materials

IAK

-

QQQM
1.0%

Communication Services

IAK

-

QQQM
13.1%

Consumer Cyclical

IAK

-

QQQM
10.7%

Consumer Defensive

IAK

-

QQQM
6.3%

Energy

IAK

-

QQQM
0.5%

Industrials

IAK

-

QQQM
2.7%

Real Estate

IAK

-

QQQM
0.1%

Technology

IAK

-

QQQM
60.9%

Utilities

IAK

-

QQQM
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Insurance ETF

Invesco NASDAQ 100 ETF

Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. ^SP500TRIAK vs. VYM
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

IAK vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAK
IAK Risk / Return Rank: 5252
Overall Rank
IAK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 4848
Sortino Ratio Rank
IAK Omega Ratio Rank: 4646
Omega Ratio Rank
IAK Calmar Ratio Rank: 6868
Calmar Ratio Rank
IAK Martin Ratio Rank: 5151
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 4949
Overall Rank
QQQM Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 4545
Sortino Ratio Rank
QQQM Omega Ratio Rank: 4646
Omega Ratio Rank
QQQM Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQM Martin Ratio Rank: 5353
Martin Ratio Rank
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.

IAK vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) 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.

IAKQQQMDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.16

0.00

Sortino ratioReturn per unit of downside risk
1.70
1.63

+0.07

Omega ratioGain probability vs. loss probability

1.21

1.21

0.00

Calmar ratioReturn relative to maximum drawdown

2.41

1.82

+0.59

Martin ratioReturn relative to average drawdown

5.86

6.19

-0.33

IAK vs. QQQM - Sharpe Ratio Comparison

The current IAK Sharpe Ratio is 1.16, which is comparable to the QQQM Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of IAK 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.

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Drawdowns

IAK vs. QQQM - Drawdown Comparison

The maximum IAK drawdown since its inception was -77.38%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IAK and QQQM.

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Drawdown Indicators

IAKQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-77.38%

-35.04%

-42.34%

Max Drawdown (1Y)

Largest decline over 1 year

-7.62%

-11.96%

+4.34%

Max Drawdown (3Y)

Largest decline over 3 years

-11.58%

-22.70%

+11.12%

Max Drawdown (5Y)

Largest decline over 5 years

-14.76%

-35.04%

+20.28%

Max Drawdown (10Y)

Largest decline over 10 years

-44.95%

—

—

Current Drawdown

Current decline from peak

0.00%

-8.21%

+8.21%

Average Drawdown

Average peak-to-trough decline

-16.03%

-8.14%

-7.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

3.52%

-0.39%

Volatility

IAK vs. QQQM - Volatility Comparison

iShares U.S. Insurance ETF (IAK) has a higher volatility of 7.15% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.65%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier 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

IAKQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.15%

6.65%

+0.50%

Volatility (6M)

Calculated over the trailing 6-month period

12.11%

15.45%

-3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

18.82%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.09%

22.68%

-4.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.90%

22.30%

-1.40%

IAK vs. QQQM - Expense Ratio Comparison

IAK has a 0.38% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

IAK vs. QQQM - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 2.41%, more than QQQM's 0.46% yield.

PositionTTM20252024202320222021202020192018201720162015
IAK
iShares U.S. Insurance ETF		2.41%1.69%1.49%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%
QQQM
Invesco NASDAQ 100 ETF		0.46%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAK and QQQM have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAK has higher volatility (7.15%) compared to QQQM (6.65%). In terms of maximum drawdown, IAK dropped -77.38% vs QQQM's -35.04%.

On 5-year performance, IAK leads with 16.26% vs 13.97% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IAK has performed better with a 16.26% return vs 13.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.38% for IAK.

IAK has the higher dividend yield at 2.41%, compared with 0.46% for QQQM.

IAK is categorized as Financials Equities, while QQQM is Nasdaq-100. IAK tracks Dow Jones U.S. Select Insurance Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.38% for IAK and 0.15% for QQQM.

QQQM currently has the higher Sharpe Ratio (1.16 vs 1.16), 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.

Portfolio Optimizer

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