IAUM vs. QQQM
IAUM (iShares Gold Trust Micro) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IAUM returned 17.72%/yr vs 16.12%/yr for QQQM. At a 0.10 correlation, their price movements are largely independent. IAUM charges 0.09%/yr vs 0.15%/yr for QQQM.
Performance
IAUM vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.93% return, which is significantly lower than QQQM's 18.14% return.
IAUM
- 1D
- -1.36%
- 1M
- -11.66%
- YTD
- -6.93%
- 6M
- -7.38%
- 1Y
- 22.65%
- 3Y*
- 27.77%
- 5Y*
- 17.72%
- 10Y*
- —
QQQM
- 1D
- 2.44%
- 1M
- -1.83%
- YTD
- 18.14%
- 6M
- 16.88%
- 1Y
- 32.79%
- 3Y*
- 25.94%
- 5Y*
- 16.12%
- 10Y*
- —
IAUM vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.93% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
QQQM Invesco NASDAQ 100 ETF | 18.14% | 20.85% | 25.68% | 55.01% | -32.52% | 12.73% |
Correlation
The correlation between IAUM and QQQM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.10 |
The correlation between IAUM and QQQM shifts across timeframes, from 0.10 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAUM vs. QQQM — Risk / Return Rank
IAUM
QQQM
IAUM vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
| IAUM | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.75 | -1.88 |
| Martin ratioReturn relative to average drawdown | 2.36 | 10.06 | -7.70 |
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Drawdowns
IAUM vs. QQQM - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.14%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IAUM and QQQM.
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Drawdown Indicators
| IAUM | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -35.04% | +8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.14% | -11.96% | -14.18% |
Max Drawdown (3Y)Largest decline over 3 years | -26.14% | -22.70% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -35.04% | +8.90% |
Current DrawdownCurrent decline from peak | -25.62% | -2.88% | -22.74% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -8.19% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 3.27% | +6.33% |
Volatility
IAUM vs. QQQM - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 8.68%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.25%. This indicates that IAUM 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.
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Volatility by Period
| IAUM | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.68% | 9.25% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 14.65% | +9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.46% | 18.01% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 22.56% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 22.30% | -4.15% |
IAUM vs. QQQM - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than QQQM's 0.15% 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
IAUM vs. QQQM - Dividend Comparison
IAUM has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.44% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
IAUM and QQQM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (9.25%) compared to IAUM (8.68%). In terms of maximum drawdown, IAUM dropped -26.14% vs QQQM's -35.04%.
On 5-year performance, IAUM leads with 17.72% vs 16.12% for QQQM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 8.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAUM has performed better with a 17.72% return vs 16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.15% for QQQM.
QQQM has the higher dividend yield at 0.44%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while QQQM is Nasdaq-100. IAUM tracks LBMA Gold Price PM, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for IAUM and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (1.83 vs 0.83), 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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