IBGS.L vs. QQQ

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and Invesco QQQ ETF (QQQ).

IBGS.L and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBGS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Jun 5, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IBGS.L and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBGS.L vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

IBGS.L vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	-0.45%	7.76%	-1.67%	1.50%	1.00%	-7.25%	5.39%	-4.81%	0.64%	3.54%
QQQ Invesco QQQ ETF	-2.87%	12.17%	27.77%	47.12%	-24.56%	28.63%	44.26%	33.67%	5.80%	21.19%

Different Trading Currencies

IBGS.L is traded in GBP, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBGS.L achieves a -0.45% return, which is significantly higher than QQQ's -3.19% return. Over the past 10 years, IBGS.L has underperformed QQQ with an annualized return of 1.23%, while QQQ has yielded a comparatively higher 19.92% annualized return.

IBGS.L

• 1D: -12.78%
• 1M: -0.35%
• YTD: -0.45%
• 6M: 0.16%
• 1Y: 5.42%
• 3Y*: 2.33%
• 5Y*: 1.20%
• 10Y*: 1.23%

QQQ

• 1D: 0.00%
• 1M: -2.00%
• YTD: -3.19%
• 6M: -1.95%
• 1Y: 20.93%
• 3Y*: 20.28%
• 5Y*: 14.12%
• 10Y*: 19.92%

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

IBGS.L vs. QQQ - Expense Ratio Comparison

IBGS.L has a 0.15% expense ratio, which is lower than QQQ's 0.18% 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%.

QQQ

Invesco QQQ ETF

IBGS.L

iShares Euro Government Bond 1-3yr UCITS ETF (Dist)

Return for Risk

IBGS.L vs. QQQ — Risk / Return Rank

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

IBGS.L

IBGS.L Risk / Return Rank: 25
IBGS.L Sharpe Ratio Rank: 18
IBGS.L Sortino Ratio Rank: 19
IBGS.L Omega Ratio Rank: 45
IBGS.L Calmar Ratio Rank: 17
IBGS.L Martin Ratio Rank: 28

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 54
QQQ Sortino Ratio Rank: 59
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 65
QQQ Martin Ratio Rank: 61

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.

IBGS.L vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and Invesco QQQ ETF (QQQ). 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.

	IBGS.L	QQQ	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.92	-0.65
Sortino ratio Return per unit of downside risk	0.55	1.44	-0.89
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio Return relative to maximum drawdown	0.36	1.77	-1.42
Martin ratio Return relative to average drawdown	2.99	4.94	-1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGS.L vs. QQQ - Sharpe Ratio Comparison

The current IBGS.L Sharpe Ratio is 0.27, which is lower than the QQQ Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of IBGS.L and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBGS.L	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.92	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.67	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.90	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.82	-0.51

Correlation

The correlation between IBGS.L and QQQ is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBGS.L vs. QQQ - Dividend Comparison

IBGS.L's dividend yield for the trailing twelve months is around 2.17%, more than QQQ's 0.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	2.17%	2.39%	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.28%
QQQ Invesco QQQ ETF	0.48%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Drawdowns

IBGS.L vs. QQQ - Drawdown Comparison

The maximum IBGS.L drawdown since its inception was -1,442.04%, which is greater than QQQ's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IBGS.L and QQQ.

Drawdown Indicators

	IBGS.L	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-1,442.04%	-82.97%	-1,359.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-11.96%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-12.78%	-35.12%	+22.34%
Max Drawdown (10Y) Largest decline over 10 years	-13.11%	-35.12%	+22.01%
Current Drawdown Current decline from peak	-12.78%	-7.75%	-5.03%
Average Drawdown Average peak-to-trough decline	-66.58%	-32.98%	-33.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	3.48%	-1.95%

Volatility

IBGS.L vs. QQQ - Volatility Comparison

iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a higher volatility of 19.92% compared to Invesco QQQ ETF (QQQ) at 5.52%. This indicates that IBGS.L's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGS.L	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.92%	5.52%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	19.70%	12.51%	+7.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	22.93%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.27%	21.16%	-10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	22.22%	-12.75%