IVNQX vs. QQQ

Last updated Jun 24, 2026

IVNQX (Invesco Nasdaq 100 Index Fund) and QQQ (Invesco QQQ ETF) are both funds - IVNQX is a Large Cap Growth Equities fund managed by Invesco, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, IVNQX returned 17.00%/yr vs 16.01%/yr for QQQ. With a 1.00 correlation, they move nearly in lockstep. IVNQX charges 0.29%/yr vs 0.18%/yr for QQQ.

Performance

IVNQX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq 100 Index Fund (IVNQX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVNQX achieves a 20.39% return, which is significantly higher than QQQ's 16.45% return.

IVNQX

• 1D: -0.19%
• 1M: 2.97%
• YTD: 20.39%
• 6M: 18.80%
• 1Y: 39.31%
• 3Y*: 27.37%
• 5Y*: 17.00%
• 10Y*: —

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

IVNQX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IVNQX Invesco Nasdaq 100 Index Fund	20.39%	20.77%	25.43%	54.62%	-32.05%	26.75%	8.46%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-32.58%	27.42%	7.62%

Correlation

The correlation between IVNQX and QQQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020	1.00

The correlation between IVNQX and QQQ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

IVNQX vs. QQQ — Risk / Return Rank

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

IVNQX

IVNQX Risk / Return Rank: 71
IVNQX Sharpe Ratio Rank: 75
IVNQX Sortino Ratio Rank: 62
IVNQX Omega Ratio Rank: 64
IVNQX Calmar Ratio Rank: 80
IVNQX Martin Ratio Rank: 72

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

IVNQX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Invesco QQQ ETF (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.

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.

	IVNQX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.95	+0.37
Sortino ratio: Return per unit of downside risk	3.02	2.57	+0.45
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	3.45	2.93	+0.52
Martin ratio: Return relative to average drawdown	12.82	10.86	+1.95

IVNQX vs. QQQ - Sharpe Ratio Comparison

The current IVNQX Sharpe Ratio is 2.32, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of IVNQX and QQQ, 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

IVNQX vs. QQQ - Drawdown Comparison

The maximum IVNQX drawdown since its inception was -34.83%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IVNQX and QQQ.

Drawdown Indicators

	IVNQX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.83%	-82.97%	+48.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-11.96%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-22.77%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-34.83%	-35.12%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.97%	-4.25%	+3.28%
Average Drawdown Average peak-to-trough decline	-8.18%	-32.73%	+24.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	3.22%	-0.02%

Volatility

IVNQX vs. QQQ - Volatility Comparison

The current volatility for Invesco Nasdaq 100 Index Fund (IVNQX) is 8.33%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that IVNQX 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.

Volatility by Period

	IVNQX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	9.17%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	14.57%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	17.96%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.74%	22.69%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	22.42%	+0.13%

IVNQX vs. QQQ - Expense Ratio Comparison

IVNQX has a 0.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IVNQX vs. QQQ - Dividend Comparison

IVNQX's dividend yield for the trailing twelve months is around 1.09%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVNQX Invesco Nasdaq 100 Index Fund	1.09%	1.31%	0.72%	0.54%	0.73%	0.84%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both IVNQX and QQQ in my portfolio?

With a correlation of 1.00, IVNQX and QQQ 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, IVNQX or QQQ?

QQQ has higher volatility (9.17%) compared to IVNQX (8.33%). In terms of maximum drawdown, IVNQX dropped -34.83% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

IVNQX currently has the higher Sharpe Ratio (2.32 vs 1.95), 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.