IGM vs. QQQM

Last updated Jun 24, 2026

IGM (iShares Expanded Tech Sector ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IGM returned 19.25%/yr vs 16.11%/yr for QQQM. With a 0.98 correlation, they move nearly in lockstep. IGM charges 0.39%/yr vs 0.15%/yr for QQQM.

Performance

IGM vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGM achieves a 22.65% return, which is significantly higher than QQQM's 16.48% return.

IGM

• 1D: -3.56%
• 1M: 0.74%
• YTD: 22.65%
• 6M: 21.02%
• 1Y: 47.83%
• 3Y*: 35.67%
• 5Y*: 19.25%
• 10Y*: 24.86%

QQQM

• 1D: -3.30%
• 1M: -0.42%
• YTD: 16.48%
• 6M: 15.00%
• 1Y: 34.99%
• 3Y*: 26.15%
• 5Y*: 16.11%
• 10Y*: —

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

IGM vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IGM iShares Expanded Tech Sector ETF	22.65%	26.76%	36.99%	60.68%	-35.83%	25.72%	6.37%
QQQM Invesco NASDAQ 100 ETF	16.48%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between IGM and QQQM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.98

The correlation between IGM and QQQM has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

IGM vs. QQQM - Sectors Allocation Comparison

Sectors	IGM	QQQM
Technology	84.5%	58.7%
Communication Services	14.4%	14.3%
Industrials	0.3%	2.6%
Financial Services	0.3%	0.2%
Energy	0.2%	0.5%
Consumer Cyclical	0.0%	11.4%
Basic Materials	0.0%	1.0%
Consumer Defensive	-	6.4%
Healthcare	-	3.7%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

IGM vs. QQQM — Risk / Return Rank

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

IGM

IGM Risk / Return Rank: 61
IGM Sharpe Ratio Rank: 68
IGM Sortino Ratio Rank: 59
IGM Omega Ratio Rank: 60
IGM Calmar Ratio Rank: 61
IGM Martin Ratio Rank: 57

QQQM

QQQM Risk / Return Rank: 60
QQQM Sharpe Ratio Rank: 61
QQQM Sortino Ratio Rank: 56
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 61
QQQM Martin Ratio Rank: 62

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.

IGM vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.

	IGM	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.97	+0.14
Sortino ratio: Return per unit of downside risk	2.67	2.58	+0.09
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	2.92	2.94	-0.02
Martin ratio: Return relative to average drawdown	9.77	10.88	-1.11

IGM vs. QQQM - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 2.11, which is comparable to the QQQM Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IGM and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGM vs. QQQM - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IGM and QQQM.

Drawdown Indicators

	IGM	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-35.04%	-30.55%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-11.96%	-4.48%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-22.70%	-3.69%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-35.04%	-5.64%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	—	—
Current Drawdown Current decline from peak	-7.39%	-4.24%	-3.15%
Average Drawdown Average peak-to-trough decline	-15.21%	-8.20%	-7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	3.22%	+1.69%

Volatility

IGM vs. QQQM - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 11.53% compared to Invesco NASDAQ 100 ETF (QQQM) at 9.00%. This indicates that IGM'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.

Volatility by Period

	IGM	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	9.00%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	18.67%	14.43%	+4.24%
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	17.85%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	22.53%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	22.30%	+2.41%

IGM vs. QQQM - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

IGM vs. QQQM - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, less than QQQM's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.14%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
QQQM Invesco NASDAQ 100 ETF	0.44%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGM and QQQM in my portfolio?

With a correlation of 0.96, IGM and QQQM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IGM or QQQM?

IGM has higher volatility (11.53%) compared to QQQM (9.00%). In terms of maximum drawdown, IGM dropped -65.59% vs QQQM's -35.04%.

Which ETF is better, IGM or QQQM?

On 5-year performance, IGM leads with 19.25% vs 16.11% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or QQQM?

Over the 5-year period, IGM has performed better with a 19.25% return vs 16.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.39% for IGM.

Which ETF pays a higher dividend yield, IGM or QQQM?

QQQM has the higher dividend yield at 0.44%, compared with 0.14% for IGM.

What is the main difference between IGM and QQQM?

IGM is categorized as Technology Equities, while QQQM is Nasdaq-100. IGM tracks S&P North American Expanded Technology Sector Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for IGM and 0.15% for QQQM.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.11 vs 1.97), 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.