IGM vs. QQQ
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and Invesco QQQ (QQQ).
IGM and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001. 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 IGM 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: IGM or QQQ.
Performance
IGM vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IGM achieves a 35.29% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, IGM has outperformed QQQ with an annualized return of 20.19%, while QQQ has yielded a comparatively lower 18.03% annualized return.
IGM
35.29%
2.56%
13.96%
43.21%
21.81%
20.19%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| IGM | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.09 | 1.78 |
| Sortino Ratio | 2.72 | 2.37 |
| Omega Ratio | 1.37 | 1.32 |
| Calmar Ratio | 2.96 | 2.28 |
| Martin Ratio | 10.68 | 8.27 |
| Ulcer Index | 4.10% | 3.73% |
| Daily Std Dev | 20.95% | 17.37% |
| Max Drawdown | -65.59% | -82.98% |
| Current Drawdown | -1.40% | -1.78% |
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IGM vs. QQQ - Expense Ratio Comparison
IGM has a 0.46% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IGM and QQQ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGM vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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
IGM vs. QQQ - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.31%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
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
IGM vs. QQQ - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IGM and QQQ. For additional features, visit the drawdowns tool.
Volatility
IGM vs. QQQ - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 6.19% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that IGM'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.