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IMTM vs. QQQA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMTM vs. QQQA

Last updated Aug 2, 2026
Documentation

IMTM (iShares MSCI Intl Momentum Factor ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum Index, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. Both are passively managed. Over the past 5 years, IMTM returned 9.20%/yr vs 10.32%/yr for QQQA. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IMTM charges 0.30%/yr vs 0.58%/yr for QQQA.

Performance

IMTM vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMTM achieves a 9.97% return, which is significantly lower than QQQA's 42.60% return.

IMTM

1D
-0.21%
1M
-0.69%
6M
4.07%
YTD
9.97%
1Y
22.34%
3Y*
19.82%
5Y*
9.20%
10Y*
9.68%
ALL TIME*
8.71%

QQQA

1D
0.67%
1M
-6.70%
6M
32.26%
YTD
42.60%
1Y
60.80%
3Y*
24.95%
5Y*
10.32%
10Y*
—
ALL TIME*
11.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IMTM

iShares MSCI Intl Momentum Factor ETF
$21.09M$19.87M$23.17M

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF
$2.36M$3.63M$3.95M

IMTM vs. QQQA - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IMTM
iShares MSCI Intl Momentum Factor ETF		9.97%34.50%12.17%13.89%-16.81%1.69%
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF		42.60%9.87%16.17%24.98%-29.08%9.84%

Correlation

The correlation between IMTM and QQQA is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.70

Correlation (3Y)
Balances recent behavior with more history.

0.64

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (All Time)
Calculated using the full available price history since May 20, 2021

0.66

The correlation between IMTM and QQQA has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

IMTM vs. QQQA - Sectors Allocation Comparison

Sectors
IMTM
QQQA

Financial Services

29.5%

-

Technology

18.1%
74.4%

Industrials

14.6%

-

Energy

9.0%
5.9%

Healthcare

8.9%
5.6%

Basic Materials

8.4%

-

Utilities

5.4%

-

Consumer Defensive

2.1%

-

Consumer Cyclical

1.7%
3.1%

Communication Services

1.4%
11.0%

Real Estate

1.0%

-

Financial Services

IMTM
29.5%
QQQA

-

Technology

IMTM
18.1%
QQQA
74.4%

Industrials

IMTM
14.6%
QQQA

-

Energy

IMTM
9.0%
QQQA
5.9%

Healthcare

IMTM
8.9%
QQQA
5.6%

Basic Materials

IMTM
8.4%
QQQA

-

Utilities

IMTM
5.4%
QQQA

-

Consumer Defensive

IMTM
2.1%
QQQA

-

Consumer Cyclical

IMTM
1.7%
QQQA
3.1%

Communication Services

IMTM
1.4%
QQQA
11.0%

Real Estate

IMTM
1.0%
QQQA

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Intl Momentum Factor ETF

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IDMOIMTM vs. VXUSIMTM vs. IWFM.LIMTM vs. IWMO.MIIMTM vs. VT
Often compared with QQQA:
QQQA vs. QQQQQQA vs. QQQMQQQA vs. JEPQQQQA vs. SPMOQQQA vs. MOATQQQA vs. JEPIQQQA vs. SPY

Return for Risk

IMTM vs. QQQA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IMTM
IMTM Risk / Return Rank: 4949
Overall Rank
IMTM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4949
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4747
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4848
Calmar Ratio Rank
IMTM Martin Ratio Rank: 5454
Martin Ratio Rank
QQQA
QQQA Risk / Return Rank: 7373
Overall Rank
QQQA Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
QQQA Sortino Ratio Rank: 6868
Sortino Ratio Rank
QQQA Omega Ratio Rank: 7272
Omega Ratio Rank
QQQA Calmar Ratio Rank: 7575
Calmar Ratio Rank
QQQA Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMTM vs. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

IMTMQQQADifference
Sharpe ratioReturn per unit of total volatility
1.16
1.74

-0.58

Sortino ratioReturn per unit of downside risk
1.74
2.21

-0.47

Omega ratioGain probability vs. loss probability

1.22

1.30

-0.08

Calmar ratioReturn relative to maximum drawdown

1.73

2.61

-0.88

Martin ratioReturn relative to average drawdown

6.39

9.11

-2.72

IMTM vs. QQQA - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.16, which is lower than the QQQA Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of IMTM and QQQA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IMTM vs. QQQA - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for IMTM and QQQA.

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Drawdown Indicators

IMTMQQQADifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-38.44%

+5.78%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-22.41%

+9.56%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-30.84%

+17.99%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-38.44%

+5.78%

Max Drawdown (10Y)

Largest decline over 10 years

-32.66%

—

—

Current Drawdown

Current decline from peak

-4.03%

-18.50%

+14.47%

Average Drawdown

Average peak-to-trough decline

-7.38%

-15.52%

+8.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

6.41%

-2.94%

Volatility

IMTM vs. QQQA - Volatility Comparison

The current volatility for iShares MSCI Intl Momentum Factor ETF (IMTM) is 6.44%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 12.31%. This indicates that IMTM experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMTMQQQADifference

Volatility (1M)

Calculated over the trailing 1-month period

6.44%

12.31%

-5.87%

Volatility (6M)

Calculated over the trailing 6-month period

17.36%

30.12%

-12.76%

Volatility (1Y)

Calculated over the trailing 1-year period

19.10%

33.64%

-14.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

27.45%

-9.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

27.08%

-9.38%

IMTM vs. QQQA - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is lower than QQQA's 0.58% expense ratio.

Dividends

IMTM vs. QQQA - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.45%, more than QQQA's 0.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IMTM
iShares MSCI Intl Momentum Factor ETF		4.45%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF		0.03%0.10%0.09%0.34%0.28%0.10%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMTM and QQQA have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQA has higher volatility (12.31%) compared to IMTM (6.44%). In terms of maximum drawdown, IMTM dropped -32.66% vs QQQA's -38.44%.

On 5-year performance, QQQA leads with 10.32% vs 9.20% for IMTM. On fees, IMTM is cheaper at 0.30% per year. On volatility, IMTM has been the lower-risk option at 6.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQA has performed better with a 10.32% return vs 9.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMTM is cheaper with a 0.30% expense ratio, compared with 0.58% for QQQA.

IMTM has the higher dividend yield at 4.45%, compared with 0.03% for QQQA.

IMTM is categorized as Momentum, while QQQA is Nasdaq-100. IMTM tracks MSCI World ex USA Momentum Index, while QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.30% for IMTM and 0.58% for QQQA.

QQQA currently has the higher Sharpe Ratio (1.74 vs 1.16), 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.

Portfolio Optimizer

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