IQQQ vs. QQMG

Last updated Jun 5, 2026

IQQQ (ProShares Nasdaq-100 High Income ETF) and QQMG (Invesco ESG NASDAQ 100 ETF) are both Nasdaq-100 funds - IQQQ tracks the Nasdaq-100 Daily Covered Call Index while QQMG tracks the Nasdaq-100 ESG Total Return Index. Both are passively managed. Over the past year, IQQQ returned 37.81% vs 43.12% for QQMG. With a 0.97 correlation, they move nearly in lockstep. IQQQ charges 0.55%/yr vs 0.20%/yr for QQMG.

Performance

IQQQ vs. QQMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco ESG NASDAQ 100 ETF (QQMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQQQ achieves a 18.26% return, which is significantly lower than QQMG's 21.45% return.

IQQQ

• 1D: -0.39%
• 1M: 8.01%
• YTD: 18.26%
• 6M: 16.96%
• 1Y: 37.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQMG

• 1D: -0.34%
• 1M: 9.97%
• YTD: 21.45%
• 6M: 20.28%
• 1Y: 43.12%
• 3Y*: 29.47%
• 5Y*: —
• 10Y*: —

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

IQQQ vs. QQMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	18.26%	17.11%	13.39%
QQMG Invesco ESG NASDAQ 100 ETF	21.45%	22.16%	14.64%

Correlation

The correlation between IQQQ and QQMG is 0.98 - 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 (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.97

The correlation between IQQQ and QQMG has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

IQQQ vs. QQMG - Sectors Allocation Comparison

Sectors	IQQQ	QQMG
Technology	53.8%	62.1%
Communication Services	15.8%	13.0%
Consumer Cyclical	12.3%	11.5%
Consumer Defensive	7.7%	6.0%
Healthcare	4.2%	3.5%
Industrials	2.8%	2.1%
Utilities	1.4%	0.2%
Basic Materials	1.1%	1.4%
Energy	0.6%	-
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

IQQQ vs. QQMG — Risk / Return Rank

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

IQQQ

IQQQ Risk / Return Rank: 71
IQQQ Sharpe Ratio Rank: 77
IQQQ Sortino Ratio Rank: 72
IQQQ Omega Ratio Rank: 71
IQQQ Calmar Ratio Rank: 69
IQQQ Martin Ratio Rank: 67

QQMG

QQMG Risk / Return Rank: 74
QQMG Sharpe Ratio Rank: 81
QQMG Sortino Ratio Rank: 76
QQMG Omega Ratio Rank: 74
QQMG Calmar Ratio Rank: 69
QQMG Martin Ratio Rank: 69

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.

IQQQ vs. QQMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco ESG NASDAQ 100 ETF (QQMG). 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.

	IQQQ	QQMG	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.58	-0.12
Sortino ratio: Return per unit of downside risk	3.21	3.35	-0.15
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	3.41	3.42	0.00
Martin ratio: Return relative to average drawdown	12.12	12.72	-0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQQQ vs. QQMG - Sharpe Ratio Comparison

The current IQQQ Sharpe Ratio is 2.47, which is comparable to the QQMG Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of IQQQ and QQMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IQQQ	QQMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.58	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.73	+0.50

Drawdowns

IQQQ vs. QQMG - Drawdown Comparison

The maximum IQQQ drawdown since its inception was -20.41%, smaller than the maximum QQMG drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for IQQQ and QQMG.

Drawdown Indicators

	IQQQ	QQMG	Difference
Max Drawdown Largest peak-to-trough decline	-20.41%	-35.43%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-12.67%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.79%	—
Current Drawdown Current decline from peak	-0.69%	-0.75%	+0.06%
Average Drawdown Average peak-to-trough decline	-3.63%	-9.60%	+5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.40%	-0.27%

Volatility

IQQQ vs. QQMG - Volatility Comparison

The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 3.97%, while Invesco ESG NASDAQ 100 ETF (QQMG) has a volatility of 4.80%. This indicates that IQQQ experiences smaller price fluctuations and is considered to be less risky than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQQQ	QQMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	4.80%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	12.88%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	16.77%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	23.59%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	23.59%	-5.04%

IQQQ vs. QQMG - Expense Ratio Comparison

IQQQ has a 0.55% expense ratio, which is higher than QQMG's 0.20% expense ratio.

Dividends

IQQQ vs. QQMG - Dividend Comparison

IQQQ's dividend yield for the trailing twelve months is around 4.44%, more than QQMG's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021
IQQQ ProShares Nasdaq-100 High Income ETF	4.44%	10.34%	7.27%	0.00%	0.00%	0.00%
QQMG Invesco ESG NASDAQ 100 ETF	0.34%	0.41%	0.50%	0.60%	0.82%	0.08%

Frequently Asked Questions

Can I hold both IQQQ and QQMG in my portfolio?

With a correlation of 0.98, IQQQ and QQMG 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, IQQQ or QQMG?

QQMG has higher volatility (4.80%) compared to IQQQ (3.97%). In terms of maximum drawdown, IQQQ dropped -20.41% vs QQMG's -35.43%.

Which ETF is better, IQQQ or QQMG?

On 1-year performance, QQMG leads with 43.12% vs 37.81% for IQQQ. On fees, QQMG is cheaper at 0.20% per year. On volatility, IQQQ has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQQQ or QQMG?

Over the 1-year period, QQMG has performed better with a 43.12% return vs 37.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQQQ or QQMG?

QQMG is cheaper with a 0.20% expense ratio, compared with 0.55% for IQQQ.

Which ETF pays a higher dividend yield, IQQQ or QQMG?

IQQQ has the higher dividend yield at 4.44%, compared with 0.34% for QQMG.

What is the main difference between IQQQ and QQMG?

IQQQ tracks Nasdaq-100 Daily Covered Call Index, while QQMG tracks Nasdaq-100 ESG Total Return Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.55% for IQQQ and 0.20% for QQMG.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (2.58 vs 2.47), 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.