INRO vs. QQQ

Last updated Jun 23, 2026

INRO (Blackrock U.S. Industry Rotation ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - INRO is a Large Cap Blend Equities fund actively managed by BlackRock, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. INRO is actively managed, while QQQ is passively managed. Over the past year, INRO returned 31.94% vs 40.91% for QQQ. Their correlation of 0.94 suggests significant overlap in exposure. INRO charges 0.42%/yr vs 0.18%/yr for QQQ.

Performance

INRO vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock U.S. Industry Rotation ETF (INRO) 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, INRO achieves a 13.70% return, which is significantly lower than QQQ's 20.41% return.

INRO

• 1D: -0.44%
• 1M: 2.10%
• YTD: 13.70%
• 6M: 13.07%
• 1Y: 31.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.25%
• 1M: 2.96%
• YTD: 20.41%
• 6M: 19.46%
• 1Y: 40.91%
• 3Y*: 27.47%
• 5Y*: 16.94%
• 10Y*: 22.48%

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

INRO vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INRO Blackrock U.S. Industry Rotation ETF	13.70%	16.67%	10.92%
QQQ Invesco QQQ ETF	20.41%	20.77%	15.46%

Correlation

The correlation between INRO and QQQ is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.94

The correlation between INRO and QQQ has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

INRO vs. QQQ - Sectors Allocation Comparison

Sectors	INRO	QQQ
Technology	41.7%	58.7%
Consumer Cyclical	11.1%	11.4%
Financial Services	9.6%	0.2%
Industrials	8.7%	2.6%
Communication Services	8.0%	14.3%
Healthcare	8.0%	3.7%
Consumer Defensive	6.5%	6.4%
Energy	2.6%	0.5%
Basic Materials	1.9%	1.0%
Utilities	1.3%	1.2%
Real Estate	0.4%	0.1%

Return for Risk

INRO vs. QQQ — Risk / Return Rank

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

INRO

INRO Risk / Return Rank: 75
INRO Sharpe Ratio Rank: 76
INRO Sortino Ratio Rank: 74
INRO Omega Ratio Rank: 75
INRO Calmar Ratio Rank: 70
INRO Martin Ratio Rank: 81

QQQ

QQQ Risk / Return Rank: 72
QQQ Sharpe Ratio Rank: 76
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 72
QQQ Calmar Ratio Rank: 70
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.

INRO vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock U.S. Industry Rotation ETF (INRO) 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.

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.

	INRO	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.33	+0.01
Sortino ratio: Return per unit of downside risk	3.17	3.03	+0.14
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	3.43	3.44	-0.01
Martin ratio: Return relative to average drawdown	15.50	12.79	+2.72

INRO vs. QQQ - Sharpe Ratio Comparison

The current INRO Sharpe Ratio is 2.34, which is comparable to the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of INRO 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.

Drawdowns

INRO vs. QQQ - Drawdown Comparison

The maximum INRO drawdown since its inception was -20.02%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for INRO and QQQ.

Drawdown Indicators

	INRO	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.02%	-82.97%	+62.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-11.96%	+2.60%
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	-0.49%	-0.99%	+0.50%
Average Drawdown Average peak-to-trough decline	-2.58%	-32.73%	+30.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.21%	-1.14%

Volatility

INRO vs. QQQ - Volatility Comparison

The current volatility for Blackrock U.S. Industry Rotation ETF (INRO) is 5.60%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that INRO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INRO	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	8.47%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	14.20%	-3.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	17.67%	-3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	22.64%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	22.43%	-5.17%

INRO vs. QQQ - Expense Ratio Comparison

INRO has a 0.42% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

INRO vs. QQQ - Dividend Comparison

INRO's dividend yield for the trailing twelve months is around 0.60%, more than QQQ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INRO Blackrock U.S. Industry Rotation ETF	0.60%	0.68%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	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 INRO and QQQ in my portfolio?

With a correlation of 0.95, INRO and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, INRO or QQQ?

QQQ has higher volatility (8.47%) compared to INRO (5.60%). In terms of maximum drawdown, INRO dropped -20.02% vs QQQ's -82.97%.

Which ETF is better, INRO or QQQ?

On 1-year performance, QQQ leads with 40.91% vs 31.94% for INRO. On fees, QQQ is cheaper at 0.18% per year. On volatility, INRO has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INRO or QQQ?

Over the 1-year period, QQQ has performed better with a 40.91% return vs 31.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INRO or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.42% for INRO.

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

INRO has the higher dividend yield at 0.60%, compared with 0.49% for QQQ.

What is the main difference between INRO and QQQ?

INRO is categorized as Large Cap Blend Equities, while QQQ is Nasdaq-100. They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.42% for INRO and 0.18% for QQQ.

Which has better risk-adjusted returns?

INRO currently has the higher Sharpe Ratio (2.34 vs 2.33), 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.