Correlation
The correlation between IRVIX and QQQM is 0.83, 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.
IRVIX vs. QQQM
Compare and contrast key facts about Voya Russell Large Cap Value Index Portfolio (IRVIX) and Invesco NASDAQ 100 ETF (QQQM).
IRVIX is managed by Voya. It was launched on May 1, 2009. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRVIX or QQQM.
Performance
IRVIX vs. QQQM - Performance Comparison
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Key characteristics
IRVIX:
-0.39
QQQM:
0.63
IRVIX:
-0.33
QQQM:
0.93
IRVIX:
0.92
QQQM:
1.13
IRVIX:
-0.43
QQQM:
0.60
IRVIX:
-1.49
QQQM:
1.95
IRVIX:
7.24%
QQQM:
7.01%
IRVIX:
25.94%
QQQM:
25.29%
IRVIX:
-35.67%
QQQM:
-35.05%
IRVIX:
-22.49%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, IRVIX achieves a -16.76% return, which is significantly lower than QQQM's 1.73% return.
IRVIX
-16.76%
-17.42%
-22.12%
-10.18%
0.70%
7.33%
4.79%
QQQM
1.73%
9.14%
2.19%
15.73%
19.83%
N/A
N/A
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IRVIX vs. QQQM - Expense Ratio Comparison
IRVIX has a 0.35% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
IRVIX vs. QQQM — Risk-Adjusted Performance Rank
IRVIX
QQQM
IRVIX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Russell Large Cap Value Index Portfolio (IRVIX) 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.
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Dividends
IRVIX vs. QQQM - Dividend Comparison
IRVIX's dividend yield for the trailing twelve months is around 33.94%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVIX Voya Russell Large Cap Value Index Portfolio | 33.94% | 3.60% | 2.01% | 1.36% | 1.94% | 3.79% | 5.92% | 6.32% | 1.94% | 2.90% | 3.11% | 2.85% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IRVIX vs. QQQM - Drawdown Comparison
The maximum IRVIX drawdown since its inception was -35.67%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for IRVIX and QQQM.
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Volatility
IRVIX vs. QQQM - Volatility Comparison
Voya Russell Large Cap Value Index Portfolio (IRVIX) has a higher volatility of 23.56% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.59%. This indicates that IRVIX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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