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IVNQX vs. QQQM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

IVNQX vs. QQQM

Last updated May 21, 2025

Compare and contrast key facts about Invesco Nasdaq 100 Index Fund (IVNQX) and Invesco NASDAQ 100 ETF (QQQM).

IVNQX is managed by Invesco. It was launched on Oct 13, 2020. 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: IVNQX or QQQM.

Correlation

The correlation between IVNQX and QQQM is 0.92, 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.

Performance

IVNQX vs. QQQM - Performance Comparison

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

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Key characteristics

Sharpe Ratio

IVNQX:

0.59

QQQM:

0.61

Sortino Ratio

IVNQX:

1.02

QQQM:

1.04

Omega Ratio

IVNQX:

1.14

QQQM:

1.15

Calmar Ratio

IVNQX:

0.68

QQQM:

0.70

Martin Ratio

IVNQX:

2.21

QQQM:

2.28

Ulcer Index

IVNQX:

7.00%

QQQM:

6.98%

Daily Std Dev

IVNQX:

25.34%

QQQM:

25.16%

Max Drawdown

IVNQX:

-35.13%

QQQM:

-35.05%

Current Drawdown

IVNQX:

-3.43%

QQQM:

-3.40%

Returns By Period

The year-to-date returns for both investments are quite close, with IVNQX having a 1.93% return and QQQM slightly higher at 1.95%.

IVNQX

YTD

1.93%

1M

17.11%

6M

3.44%

1Y

14.76%

3Y*

22.72%

5Y*

N/A

10Y*

N/A

QQQM

YTD

1.95%

1M

17.14%

6M

3.69%

1Y

15.13%

3Y*

22.60%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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Invesco Nasdaq 100 Index Fund

Invesco NASDAQ 100 ETF

IVNQX vs. QQQM - Expense Ratio Comparison

IVNQX has a 0.29% expense ratio, which is higher than QQQM's 0.15% expense ratio.

IVNQX
Invesco Nasdaq 100 Index Fund
QQQM
Invesco NASDAQ 100 ETF

Risk-Adjusted Performance

IVNQX vs. QQQM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVNQX
The Risk-Adjusted Performance Rank of IVNQX is 6363
Overall Rank
The Sharpe Ratio Rank of IVNQX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of IVNQX is 6363
Sortino Ratio Rank
The Omega Ratio Rank of IVNQX is 6464
Omega Ratio Rank
The Calmar Ratio Rank of IVNQX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of IVNQX is 6161
Martin Ratio Rank
QQQM
The Risk-Adjusted Performance Rank of QQQM is 6363
Overall Rank
The Sharpe Ratio Rank of QQQM is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQM is 6464
Sortino Ratio Rank
The Omega Ratio Rank of QQQM is 6464
Omega Ratio Rank
The Calmar Ratio Rank of QQQM is 6969
Calmar Ratio Rank
The Martin Ratio Rank of QQQM is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IVNQX vs. QQQM - Risk-Adjusted Performance Comparison

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

The current IVNQX Sharpe Ratio is 0.59, which is comparable to the QQQM Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of IVNQX and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

IVNQX vs. QQQM - Dividend Comparison

IVNQX's dividend yield for the trailing twelve months is around 0.60%, more than QQQM's 0.58% yield.

TTM20242023202220212020
IVNQX
Invesco Nasdaq 100 Index Fund		0.60%0.56%0.54%0.73%0.39%0.19%
QQQM
Invesco NASDAQ 100 ETF		0.58%0.61%0.65%0.83%0.40%0.16%

Drawdowns

IVNQX vs. QQQM - Drawdown Comparison

The maximum IVNQX drawdown since its inception was -35.13%, roughly equal to the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for IVNQX and QQQM. For additional features, visit the drawdowns tool.

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Volatility

IVNQX vs. QQQM - Volatility Comparison

Invesco Nasdaq 100 Index Fund (IVNQX) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.66% and 5.59%, 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.

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