IQQQ vs. QQQ
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco QQQ (QQQ).
IQQQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IQQQ and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQQQ or QQQ.
Performance
IQQQ vs. QQQ - Performance Comparison
Returns By Period
IQQQ
N/A
1.42%
10.11%
N/A
N/A
N/A
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| IQQQ | QQQ | |
|---|---|---|
| Daily Std Dev | 17.12% | 17.37% |
| Max Drawdown | -13.07% | -82.98% |
| Current Drawdown | -1.52% | -1.78% |
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IQQQ vs. QQQ - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IQQQ and QQQ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IQQQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco QQQ (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.
Not enough dataDividends
IQQQ vs. QQQ - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 6.08%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 6.08% | 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 | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IQQQ vs. QQQ - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -13.07%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IQQQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. QQQ - Volatility Comparison
The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 5.13%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that IQQQ 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.