IQQ vs. QQQ
IQQ (iShares Nasdaq 100 ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from iShares and Invesco respectively. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. IQQ charges 0.10%/yr vs 0.18%/yr for QQQ.
Performance
IQQ vs. QQQ - Performance Comparison
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Returns By Period
IQQ
- 1D
- 1.87%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQ
- 1D
- 1.85%
- 1M
- -4.17%
- 6M
- 16.87%
- YTD
- 15.68%
- 1Y
- 26.27%
- 3Y*
- 24.30%
- 5Y*
- 14.95%
- 10Y*
- 20.94%
- ALL TIME*
- 10.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.46M | $42.46M | $42.46M |
IQQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQQ iShares Nasdaq 100 ETF | -1.68% |
QQQ Invesco QQQ ETF | -0.35% |
Correlation
The correlation between IQQ and QQQ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.95 |
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Return for Risk
IQQ vs. QQQ — Risk / Return Rank
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQ
IQQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) 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.
| IQQ | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 7.68 | — |
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Drawdowns
IQQ vs. QQQ - Drawdown Comparison
The maximum IQQ drawdown since its inception was -4.15%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IQQ and QQQ.
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Drawdown Indicators
| IQQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -82.97% | +78.82% |
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 DrawdownCurrent decline from peak | -2.28% | -4.88% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -32.65% | +30.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.43% | — |
Volatility
IQQ vs. QQQ - Volatility Comparison
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Volatility by Period
| IQQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 18.82% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 22.83% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 22.46% | -2.22% |
IQQ vs. QQQ - Expense Ratio Comparison
IQQ has a 0.10% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IQQ vs. QQQ - Dividend Comparison
IQQ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ iShares Nasdaq 100 ETF | 0.00% | 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 | 0.43% | 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
With a correlation of 0.95, IQQ 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.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.18% for QQQ.
QQQ has the higher dividend yield at 0.43%, compared with 0.00% for IQQ.
Both ETFs track NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for IQQ and 0.18% for QQQ.
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