ITOT vs. QQQM

Last updated Jun 14, 2026

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, ITOT returned 12.20%/yr vs 16.94%/yr for QQQM. Their correlation of 0.91 suggests significant overlap in exposure. ITOT charges 0.03%/yr vs 0.15%/yr for QQQM.

Performance

ITOT vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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, ITOT achieves a 9.69% return, which is significantly lower than QQQM's 17.59% return.

ITOT

• 1D: 0.59%
• 1M: 1.01%
• YTD: 9.69%
• 6M: 9.77%
• 1Y: 26.29%
• 3Y*: 20.61%
• 5Y*: 12.20%
• 10Y*: 14.99%

QQQM

• 1D: 0.67%
• 1M: 1.75%
• YTD: 17.59%
• 6M: 17.91%
• 1Y: 37.64%
• 3Y*: 26.52%
• 5Y*: 16.94%
• 10Y*: —

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

ITOT vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ITOT iShares Core S&P Total U.S. Stock Market ETF	9.69%	17.00%	23.80%	26.12%	-19.47%	25.68%	8.51%
QQQM Invesco NASDAQ 100 ETF	17.59%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between ITOT and QQQM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.91

The correlation between ITOT and QQQM has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

ITOT vs. QQQM - Sectors Allocation Comparison

Sectors	ITOT	QQQM
Technology	37.2%	58.7%
Financial Services	11.4%	0.2%
Consumer Cyclical	9.8%	11.4%
Communication Services	9.8%	14.3%
Industrials	9.1%	2.6%
Healthcare	8.8%	3.7%
Consumer Defensive	4.3%	6.4%
Energy	3.3%	0.5%
Real Estate	2.3%	0.1%
Utilities	2.1%	1.2%
Basic Materials	2.0%	1.0%

Return for Risk

ITOT vs. QQQM — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 69
ITOT Sharpe Ratio Rank: 70
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 69
ITOT Calmar Ratio Rank: 64
ITOT Martin Ratio Rank: 76

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 76
QQQM Sortino Ratio Rank: 71
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 70

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.

ITOT vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.

	ITOT	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.11	-0.15
Sortino ratio: Return per unit of downside risk	2.66	2.74	-0.08
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.80	3.02	-0.22
Martin ratio: Return relative to average drawdown	12.50	11.23	+1.27

ITOT vs. QQQM - Sharpe Ratio Comparison

The current ITOT Sharpe Ratio is 1.96, which is comparable to the QQQM Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ITOT and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITOT vs. QQQM - Drawdown Comparison

The maximum ITOT drawdown since its inception was -55.20%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for ITOT and QQQM.

Drawdown Indicators

	ITOT	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-55.20%	-35.04%	-20.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-11.96%	+3.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.44%	-22.70%	+3.26%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-35.04%	+9.68%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	—	—
Current Drawdown Current decline from peak	-2.12%	-3.33%	+1.21%
Average Drawdown Average peak-to-trough decline	-6.96%	-8.23%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	3.21%	-1.22%

Volatility

ITOT vs. QQQM - Volatility Comparison

The current volatility for iShares Core S&P Total U.S. Stock Market ETF (ITOT) is 4.57%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 7.45%. This indicates that ITOT experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITOT	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	7.45%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	13.71%	-3.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	17.11%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	22.40%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	22.22%	-3.93%

ITOT vs. QQQM - Expense Ratio Comparison

ITOT has a 0.03% expense ratio, which is lower than QQQM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ITOT vs. QQQM - Dividend Comparison

ITOT's dividend yield for the trailing twelve months is around 0.99%, more than QQQM's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.99%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
QQQM Invesco NASDAQ 100 ETF	0.43%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITOT and QQQM in my portfolio?

With a correlation of 0.92, ITOT and QQQM 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, ITOT or QQQM?

QQQM has higher volatility (7.45%) compared to ITOT (4.57%). In terms of maximum drawdown, ITOT dropped -55.20% vs QQQM's -35.04%.

Which ETF is better, ITOT or QQQM?

On 5-year performance, QQQM leads with 16.94% vs 12.20% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITOT or QQQM?

Over the 5-year period, QQQM has performed better with a 16.94% return vs 12.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITOT or QQQM?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.15% for QQQM.

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

ITOT has the higher dividend yield at 0.99%, compared with 0.43% for QQQM.

What is the main difference between ITOT and QQQM?

ITOT is categorized as Large Cap Blend Equities, while QQQM is Nasdaq-100. ITOT tracks S&P Total Market Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.03% for ITOT and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.11 vs 1.96), 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.