IMTG vs. QQQ

Last updated Jun 4, 2026

IMTG (Invesco Agency MBS ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IMTG is a Mortgage Backed Securities fund actively managed by Invesco, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. IMTG is actively managed, while QQQ is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. IMTG charges 0.22%/yr vs 0.18%/yr for QQQ.

Performance

IMTG vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Agency MBS ETF (IMTG) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMTG

• 1D: -0.18%
• 1M: 0.23%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

IMTG vs. QQQ - Yearly Performance Comparison

	2026 (YTD)
IMTG Invesco Agency MBS ETF	-1.11%
QQQ Invesco QQQ ETF	20.83%

Correlation

The correlation between IMTG and QQQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.63

Return for Risk

IMTG vs. QQQ — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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.

IMTG vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Agency MBS ETF (IMTG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IMTG	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	0.41	-1.27

Drawdowns

IMTG vs. QQQ - Drawdown Comparison

The maximum IMTG drawdown since its inception was -2.85%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IMTG and QQQ.

Drawdown Indicators

	IMTG	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-82.97%	+80.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.50%	-0.26%	-1.24%
Average Drawdown Average peak-to-trough decline	-1.41%	-32.79%	+31.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	IMTG	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	15.94%	-11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.74%	22.38%	-17.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.74%	22.29%	-17.55%

IMTG vs. QQQ - Expense Ratio Comparison

IMTG has a 0.22% expense ratio, which is higher than QQQ's 0.18% 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%.

Dividends

IMTG vs. QQQ - Dividend Comparison

IMTG's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMTG Invesco Agency MBS ETF	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both IMTG and QQQ in my portfolio?

IMTG and QQQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMTG or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMTG or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.22% for IMTG.

Which ETF pays a higher dividend yield, IMTG or QQQ?

IMTG has the higher dividend yield at 0.85%, compared with 0.38% for QQQ.

What is the main difference between IMTG and QQQ?

IMTG is categorized as Mortgage Backed Securities, while QQQ is Nasdaq-100. Their fees differ too: 0.22% for IMTG and 0.18% for QQQ.