IBIT vs. QQQM
IBIT (iShares Bitcoin Trust ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, IBIT returned -41.70% vs 35.30% for QQQM. At a 0.41 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.15%/yr for QQQM.
Performance
IBIT vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.39% return, which is significantly lower than QQQM's 16.81% return.
IBIT
- 1D
- 2.77%
- 1M
- -21.29%
- YTD
- -27.39%
- 6M
- -30.81%
- 1Y
- -41.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQM
- 1D
- 3.18%
- 1M
- 1.33%
- YTD
- 16.81%
- 6M
- 14.85%
- 1Y
- 35.30%
- 3Y*
- 26.57%
- 5Y*
- 16.78%
- 10Y*
- —
IBIT vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.39% | -6.41% | 89.87% |
QQQM Invesco NASDAQ 100 ETF | 16.81% | 20.85% | 25.97% |
Correlation
The correlation between IBIT and QQQM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.41 |
The correlation between IBIT and QQQM has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
IBIT vs. QQQM — Risk / Return Rank
IBIT
QQQM
IBIT vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.36 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.96 | -3.77 |
| Martin ratioReturn relative to average drawdown | -1.42 | 11.06 | -12.48 |
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Drawdowns
IBIT vs. QQQM - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IBIT and QQQM.
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Drawdown Indicators
| IBIT | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -35.04% | -17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -11.96% | -40.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.04% | — |
Current DrawdownCurrent decline from peak | -49.43% | -3.97% | -45.46% |
Average DrawdownAverage peak-to-trough decline | -16.48% | -8.23% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.48% | 3.20% | +26.28% |
Volatility
IBIT vs. QQQM - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.02% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.49%. This indicates that IBIT'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
| IBIT | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 7.49% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 13.70% | +20.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 17.11% | +26.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.30% | 22.41% | +27.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.30% | 22.23% | +28.07% |
IBIT vs. QQQM - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. QQQM - Dividend Comparison
IBIT has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
IBIT and QQQM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.02%) compared to QQQM (7.49%). In terms of maximum drawdown, IBIT dropped -52.11% vs QQQM's -35.04%.
On 1-year performance, QQQM leads with 35.30% vs -41.70% for IBIT. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQM has performed better with a 35.30% return vs -41.70%. 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 0.25% for IBIT.
QQQM has the higher dividend yield at 0.43%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while QQQM is Nasdaq-100. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IBIT and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (2.07 vs -0.95), 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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