IMVP vs. QQQ
IMVP (Invesco India ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 21.94%/yr for QQQ. A 0.53 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.18%/yr for QQQ.
Performance
IMVP vs. QQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, IMVP has underperformed QQQ with an annualized return of 8.19%, while QQQ has yielded a comparatively higher 21.94% annualized return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
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%
IMVP vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between IMVP and QQQ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2008 | 0.53 |
The correlation between IMVP and QQQ shifts across timeframes, from 0.40 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IMVP vs. QQQ — Risk / Return Rank
IMVP
QQQ
IMVP vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.91 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.51 | -4.30 |
| Martin ratioReturn relative to average drawdown | -1.84 | 13.49 | -15.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IMVP | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.64 | -3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.81 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.99 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.41 | -0.30 |
Drawdowns
IMVP vs. QQQ - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IMVP and QQQ.
Loading charts...
Drawdown Indicators
| IMVP | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -82.97% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -11.96% | -9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -22.77% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -35.12% | +9.32% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -35.12% | -4.57% |
Current DrawdownCurrent decline from peak | -23.71% | -0.26% | -23.45% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -32.79% | +16.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.11% | +6.05% |
Volatility
IMVP vs. QQQ - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that IMVP'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.
Loading charts...
Volatility by Period
| IMVP | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 4.49% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 12.10% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 15.94% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 22.38% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 22.29% | -2.70% |
IMVP vs. QQQ - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
IMVP vs. QQQ - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 8.81% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
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
IMVP and QQQ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (6.00%) compared to QQQ (4.49%). In terms of maximum drawdown, IMVP dropped -64.54% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 21.94% vs 8.19% for IMVP. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 21.94% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 0.38% for QQQ.
IMVP is categorized as Emerging Markets Equities, while QQQ is Nasdaq-100. IMVP tracks FTSE India Quality and Yield Select Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.78% for IMVP and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs -1.05), 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.
Find the right allocation for IMVP and QQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer