IGV vs. QQQ

Last updated Apr 11, 2026

IGV (iShares Expanded Tech-Software Sector ET) and QQQ (Invesco QQQ ETF) are both exchange-traded funds — IGV is a Technology Equities fund tracking the S&P North American Technology-Software Index, while QQQ is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IGV returned 14.31%/yr vs 19.62%/yr for QQQ. Their correlation of 0.84 suggests significant overlap in exposure. IGV charges 0.46%/yr vs 0.18%/yr for QQQ.

Performance

IGV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ET (IGV) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGV achieves a -29.35% return, which is significantly lower than QQQ's -0.40% return. Over the past 10 years, IGV has underperformed QQQ with an annualized return of 14.31%, while QQQ has yielded a comparatively higher 19.62% annualized return.

IGV

• 1D: -2.57%
• 1M: -12.91%
• YTD: -29.35%
• 6M: -33.38%
• 1Y: -13.67%
• 3Y*: 7.84%
• 5Y*: 0.52%
• 10Y*: 14.31%

QQQ

• 1D: 0.14%
• 1M: 0.68%
• YTD: -0.40%
• 6M: 3.92%
• 1Y: 37.62%
• 3Y*: 25.34%
• 5Y*: 13.31%
• 10Y*: 19.62%

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

IGV vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGV iShares Expanded Tech-Software Sector ET	-29.35%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	34.33%	12.44%	42.16%
QQQ Invesco QQQ ETF	-0.40%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between IGV and QQQ is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001	0.84

The correlation between IGV and QQQ shifts across timeframes, from 0.68 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IGV vs. QQQ — Risk / Return Rank

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

IGV

IGV Risk / Return Rank: 4
IGV Sharpe Ratio Rank: 2
IGV Sortino Ratio Rank: 2
IGV Omega Ratio Rank: 2
IGV Calmar Ratio Rank: 6
IGV Martin Ratio Rank: 5

QQQ

QQQ Risk / Return Rank: 61
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 57
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 64
QQQ Martin Ratio Rank: 65

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.

IGV vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) and Invesco QQQ ETF (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.

	IGV	QQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.56	2.23	-2.79
Sortino ratio Return per unit of downside risk	-0.62	3.00	-3.61
Omega ratio Gain probability vs. loss probability	0.92	1.40	-0.47
Calmar ratio Return relative to maximum drawdown	-0.19	3.98	-4.16
Martin ratio Return relative to average drawdown	-0.47	14.88	-15.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGV vs. QQQ - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.56, which is lower than the QQQ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IGV and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGV	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	2.23	-2.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.60	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.88	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.38	-0.06

Drawdowns

IGV vs. QQQ - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IGV and QQQ.

Drawdown Indicators

	IGV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-82.97%	+19.52%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-11.96%	-24.65%
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	-35.12%	-10.73%
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	-35.12%	-10.73%
Current Drawdown Current decline from peak	-36.61%	-3.64%	-32.97%
Average Drawdown Average peak-to-trough decline	-14.39%	-32.96%	+18.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	3.20%	+11.31%

Volatility

IGV vs. QQQ - Volatility Comparison

iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 8.57% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that IGV'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.

Volatility by Period

	IGV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	6.87%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	20.08%	13.09%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	24.98%	17.57%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.14%	22.39%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.92%	22.25%	+3.67%

IGV vs. QQQ - Expense Ratio Comparison

IGV has a 0.46% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IGV vs. QQQ - Dividend Comparison

IGV has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGV iShares Expanded Tech-Software Sector ET	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%
QQQ Invesco QQQ ETF	0.46%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%