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ICLO vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ICLO and QQQ is 0.08, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

ICLO vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Aaa Clo Floating Rate Note ETF (ICLO) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%NovemberDecember2025FebruaryMarchApril
18.25%
68.49%
ICLO
QQQ

Key characteristics

Sharpe Ratio

ICLO:

1.41

QQQ:

0.49

Sortino Ratio

ICLO:

1.83

QQQ:

0.85

Omega Ratio

ICLO:

1.67

QQQ:

1.12

Calmar Ratio

ICLO:

1.65

QQQ:

0.54

Martin Ratio

ICLO:

19.15

QQQ:

1.86

Ulcer Index

ICLO:

0.30%

QQQ:

6.59%

Daily Std Dev

ICLO:

4.07%

QQQ:

25.26%

Max Drawdown

ICLO:

-3.46%

QQQ:

-82.98%

Current Drawdown

ICLO:

0.00%

QQQ:

-13.25%

Returns By Period

In the year-to-date period, ICLO achieves a 0.98% return, which is significantly higher than QQQ's -8.45% return.


ICLO

YTD

0.98%

1M

0.21%

6M

2.17%

1Y

5.65%

5Y*

N/A

10Y*

N/A

QQQ

YTD

-8.45%

1M

-5.29%

6M

-4.78%

1Y

10.24%

5Y*

17.72%

10Y*

16.49%

*Annualized

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ICLO vs. QQQ - Expense Ratio Comparison

ICLO has a 0.26% expense ratio, which is higher than QQQ's 0.20% 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%.


Expense ratio chart for ICLO: current value is 0.26%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ICLO: 0.26%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

ICLO vs. QQQ — Risk-Adjusted Performance Rank

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

ICLO
The Risk-Adjusted Performance Rank of ICLO is 9292
Overall Rank
The Sharpe Ratio Rank of ICLO is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of ICLO is 8787
Sortino Ratio Rank
The Omega Ratio Rank of ICLO is 9898
Omega Ratio Rank
The Calmar Ratio Rank of ICLO is 9191
Calmar Ratio Rank
The Martin Ratio Rank of ICLO is 9797
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6161
Overall Rank
The Sharpe Ratio Rank of QQQ is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6161
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6767
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ICLO vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Aaa Clo Floating Rate Note ETF (ICLO) 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.


The chart of Sharpe ratio for ICLO, currently valued at 1.41, compared to the broader market-1.000.001.002.003.004.00
ICLO: 1.41
QQQ: 0.49
The chart of Sortino ratio for ICLO, currently valued at 1.83, compared to the broader market-2.000.002.004.006.008.00
ICLO: 1.83
QQQ: 0.85
The chart of Omega ratio for ICLO, currently valued at 1.67, compared to the broader market0.501.001.502.002.50
ICLO: 1.67
QQQ: 1.12
The chart of Calmar ratio for ICLO, currently valued at 1.65, compared to the broader market0.002.004.006.008.0010.0012.00
ICLO: 1.65
QQQ: 0.54
The chart of Martin ratio for ICLO, currently valued at 19.15, compared to the broader market0.0020.0040.0060.00
ICLO: 19.15
QQQ: 1.86

The current ICLO Sharpe Ratio is 1.41, which is higher than the QQQ Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of ICLO 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.


Rolling 12-month Sharpe Ratio0.002.004.006.00NovemberDecember2025FebruaryMarchApril
1.41
0.49
ICLO
QQQ

Dividends

ICLO vs. QQQ - Dividend Comparison

ICLO's dividend yield for the trailing twelve months is around 6.19%, more than QQQ's 0.64% yield.


TTM20242023202220212020201920182017201620152014
ICLO
Invesco Aaa Clo Floating Rate Note ETF
6.19%6.51%7.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.64%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

ICLO vs. QQQ - Drawdown Comparison

The maximum ICLO drawdown since its inception was -3.46%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ICLO and QQQ. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril0
-13.25%
ICLO
QQQ

Volatility

ICLO vs. QQQ - Volatility Comparison

The current volatility for Invesco Aaa Clo Floating Rate Note ETF (ICLO) is 3.96%, while Invesco QQQ (QQQ) has a volatility of 16.89%. This indicates that ICLO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
3.96%
16.89%
ICLO
QQQ