IQSZ vs. QQQM

Last updated Jun 27, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. IQSZ is actively managed, while QQQM is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.15%/yr for QQQM.

Performance

IQSZ vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQSZ achieves a 12.10% return, which is significantly lower than QQQM's 15.33% return.

IQSZ

• 1D: -0.29%
• 1M: -1.03%
• YTD: 12.10%
• 6M: 10.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -1.33%
• 1M: -3.03%
• YTD: 15.33%
• 6M: 13.55%
• 1Y: 30.07%
• 3Y*: 25.57%
• 5Y*: 15.90%
• 10Y*: —

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

IQSZ vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	12.10%	13.36%
QQQM Invesco NASDAQ 100 ETF	15.33%	10.64%

Correlation

The correlation between IQSZ and QQQM is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.87

Return for Risk

IQSZ vs. QQQM — Risk / Return Rank

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

IQSZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQM

QQQM Risk / Return Rank: 55
QQQM Sharpe Ratio Rank: 56
QQQM Sortino Ratio Rank: 51
QQQM Omega Ratio Rank: 53
QQQM Calmar Ratio Rank: 58
QQQM Martin Ratio Rank: 58

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.

IQSZ vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) 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.

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.

	IQSZ	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.53	—
Martin ratio: Return relative to average drawdown	—	9.24	—

Drawdowns

IQSZ vs. QQQM - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IQSZ and QQQM.

Drawdown Indicators

	IQSZ	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-35.04%	+25.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-2.45%	-5.19%	+2.74%
Average Drawdown Average peak-to-trough decline	-1.24%	-8.19%	+6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.26%	—

Volatility

Volatility by Period

	IQSZ	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	17.84%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	22.54%	-8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	22.29%	-8.10%

IQSZ vs. QQQM - Expense Ratio Comparison

IQSZ has a 0.19% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IQSZ vs. QQQM - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.80%, more than QQQM's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IQSZ Invesco Global Equity Net Zero ETF	1.80%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.45%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both IQSZ and QQQM in my portfolio?

IQSZ and QQQM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQSZ or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQSZ or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.19% for IQSZ.

Which ETF pays a higher dividend yield, IQSZ or QQQM?

IQSZ has the higher dividend yield at 1.80%, compared with 0.45% for QQQM.

What is the main difference between IQSZ and QQQM?

IQSZ is categorized as ESG, while QQQM is Nasdaq-100. Their fees differ too: 0.19% for IQSZ and 0.15% for QQQM.