IMVP vs. QQQM
IMVP (Invesco India ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IMVP returned 2.42%/yr vs 18.07%/yr for QQQM. At a 0.47 correlation, their price movements are largely independent. IMVP charges 0.78%/yr vs 0.15%/yr for QQQM.
Performance
IMVP vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -16.08% return, which is significantly lower than QQQM's 21.39% 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%
QQQM
- 1D
- -0.20%
- 1M
- 10.67%
- YTD
- 21.39%
- 6M
- 19.75%
- 1Y
- 41.98%
- 3Y*
- 28.89%
- 5Y*
- 18.07%
- 10Y*
- —
IMVP vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 14.88% |
QQQM Invesco NASDAQ 100 ETF | 21.39% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
Correlation
The correlation between IMVP and QQQM 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 (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.47 |
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Return for Risk
IMVP vs. QQQM — Risk / Return Rank
IMVP
QQQM
IMVP vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.92 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.53 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.84 | 13.52 | -15.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMVP | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.65 | -3.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.82 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.85 | -0.73 |
Drawdowns
IMVP vs. QQQM - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IMVP and QQQM.
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Drawdown Indicators
| IMVP | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -35.04% | -29.50% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -11.96% | -9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -22.70% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -35.04% | +9.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -23.71% | -0.20% | -23.51% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -8.25% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.11% | +6.05% |
Volatility
IMVP vs. QQQM - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.48%. This indicates that IMVP'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.
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Volatility by Period
| IMVP | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 4.48% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 12.05% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 15.91% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 22.24% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 22.12% | -2.53% |
IMVP vs. QQQM - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
IMVP vs. QQQM - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 8.81%, more than QQQM's 0.41% 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% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 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
IMVP and QQQM 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 QQQM (4.48%). In terms of maximum drawdown, IMVP dropped -64.54% vs QQQM's -35.04%.
On 5-year performance, QQQM leads with 18.07% vs 2.42% for IMVP. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 18.07% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 8.81%, compared with 0.41% for QQQM.
IMVP is categorized as Emerging Markets Equities, while QQQM is Nasdaq-100. IMVP tracks FTSE India Quality and Yield Select Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.78% for IMVP and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (2.65 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.
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