IBLC vs. QQQ
Compare and contrast key facts about iShares Blockchain and Tech ETF (IBLC) and Invesco QQQ (QQQ).
IBLC and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBLC is a passively managed fund by iShares that tracks the performance of the ICE FactSet Global Blockchain Technologies Index. It was launched on Apr 25, 2022. 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 IBLC 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBLC or QQQ.
Performance
IBLC vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IBLC achieves a 45.37% return, which is significantly higher than QQQ's 24.04% return.
IBLC
45.37%
28.63%
48.23%
133.01%
N/A
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| IBLC | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.76 |
| Sortino Ratio | 2.59 | 2.35 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 3.49 | 2.25 |
| Martin Ratio | 6.57 | 8.18 |
| Ulcer Index | 20.24% | 3.74% |
| Daily Std Dev | 69.90% | 17.36% |
| Max Drawdown | -62.54% | -82.98% |
| Current Drawdown | -4.83% | -1.62% |
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IBLC vs. QQQ - Expense Ratio Comparison
IBLC has a 0.47% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IBLC and QQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IBLC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Blockchain and Tech ETF (IBLC) and Invesco QQQ (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.
Dividends
IBLC vs. QQQ - Dividend Comparison
IBLC's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBLC iShares Blockchain and Tech ETF | 0.96% | 1.79% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IBLC vs. QQQ - Drawdown Comparison
The maximum IBLC drawdown since its inception was -62.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IBLC and QQQ. For additional features, visit the drawdowns tool.
Volatility
IBLC vs. QQQ - Volatility Comparison
iShares Blockchain and Tech ETF (IBLC) has a higher volatility of 27.69% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that IBLC'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.