IBBQ vs. QQQM

Last updated Jun 4, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, IBBQ returned 12.60%/yr vs 28.89%/yr for QQQM. A 0.53 correlation means they provide meaningful diversification when combined. IBBQ charges 0.00%/yr vs 0.15%/yr for QQQM.

Performance

IBBQ vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) 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, IBBQ achieves a 1.91% return, which is significantly lower than QQQM's 21.39% return.

IBBQ

• 1D: 1.77%
• 1M: -1.63%
• YTD: 1.91%
• 6M: 0.94%
• 1Y: 39.72%
• 3Y*: 12.60%
• 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)

IBBQ vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	1.91%	33.32%	-0.63%	4.73%	-10.41%	-6.72%
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-32.52%	17.03%

Correlation

The correlation between IBBQ and QQQM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.53

The correlation between IBBQ and QQQM shifts across timeframes, from 0.40 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

IBBQ vs. QQQM - Sectors Allocation Comparison

Sectors	IBBQ	QQQM
Healthcare	98.3%	4.2%
Financial Services	0.0%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

IBBQ vs. QQQM — Risk / Return Rank

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

IBBQ

IBBQ Risk / Return Rank: 67
IBBQ Sharpe Ratio Rank: 59
IBBQ Sortino Ratio Rank: 60
IBBQ Omega Ratio Rank: 54
IBBQ Calmar Ratio Rank: 85
IBBQ Martin Ratio Rank: 79

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.

IBBQ vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) 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.

	IBBQ	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.65	-0.62
Sortino ratio: Return per unit of downside risk	2.86	3.46	-0.60
Omega ratio: Gain probability vs. loss probability	1.34	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	4.79	3.53	+1.26
Martin ratio: Return relative to average drawdown	15.68	13.52	+2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBBQ vs. QQQM - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.03, which is comparable to the QQQM Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of IBBQ 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

	IBBQ	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.65	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.85	-0.69

Drawdowns

IBBQ vs. QQQM - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IBBQ and QQQM.

Drawdown Indicators

	IBBQ	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-35.04%	-2.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-11.96%	+3.62%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-22.70%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-5.17%	-0.20%	-4.97%
Average Drawdown Average peak-to-trough decline	-16.82%	-8.25%	-8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.11%	-0.57%

Volatility

IBBQ vs. QQQM - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 6.84% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.48%. This indicates that IBBQ'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.

Volatility by Period

	IBBQ	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	4.48%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	12.05%	+3.09%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	15.91%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	22.24%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	22.12%	-0.26%

IBBQ vs. QQQM - Expense Ratio Comparison

IBBQ has a 0.00% 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

IBBQ vs. QQQM - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBBQ Invesco Nasdaq Biotechnology ETF	0.87%	0.90%	1.14%	0.81%	0.76%	0.63%	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 IBBQ and QQQM in my portfolio?

IBBQ and QQQM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBBQ or QQQM?

IBBQ has higher volatility (6.84%) compared to QQQM (4.48%). In terms of maximum drawdown, IBBQ dropped -37.94% vs QQQM's -35.04%.

Which ETF is better, IBBQ or QQQM?

On 3-year performance, QQQM leads with 28.89% vs 12.60% for IBBQ. On fees, IBBQ is cheaper at 0.00% per year. On volatility, QQQM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBBQ or QQQM?

Over the 3-year period, QQQM has performed better with a 28.89% return vs 12.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBBQ or QQQM?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.15% for QQQM.

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

IBBQ has the higher dividend yield at 0.87%, compared with 0.41% for QQQM.

What is the main difference between IBBQ and QQQM?

IBBQ is categorized as Health & Biotech Equities, while QQQM is Nasdaq-100. IBBQ tracks NASDAQ / Biotechnology, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.00% for IBBQ and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.65 vs 2.03), 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.