IQQQ vs. QQQM
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco NASDAQ 100 ETF (QQQM).
IQQQ and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both IQQQ and QQQM 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 QQQM.
Performance
IQQQ vs. QQQM - Performance Comparison
Returns By Period
IQQQ
N/A
1.35%
9.18%
N/A
N/A
N/A
QQQM
23.57%
1.81%
10.82%
29.85%
N/A
N/A
Key characteristics
| IQQQ | QQQM | |
|---|---|---|
| Daily Std Dev | 17.21% | 17.38% |
| Max Drawdown | -13.07% | -35.05% |
| Current Drawdown | -2.05% | -2.08% |
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IQQQ vs. QQQM - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Correlation
The correlation between IQQQ and QQQM is 0.98, 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. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
Not enough dataDividends
IQQQ vs. QQQM - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 6.11%, more than QQQM's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 6.11% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
IQQQ vs. QQQM - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -13.07%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for IQQQ and QQQM. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. QQQM - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.42% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.