IVRS vs. PXQ
IVRS (iShares Future Metaverse Tech And Communications ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - IVRS tracks the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net while PXQ tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 36.00%/yr for PXQ. Their 0.72 correlation means they have sometimes moved together and sometimes differently. IVRS charges 0.47%/yr vs 0.40%/yr for PXQ.
Performance
IVRS vs. PXQ - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than PXQ's 41.41% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
PXQ
- 1D
- 0.92%
- 1M
- -4.09%
- 6M
- 31.51%
- YTD
- 41.41%
- 1Y
- 65.43%
- 3Y*
- 36.00%
- 5Y*
- 16.09%
- 10Y*
- 18.65%
- ALL TIME*
- 13.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.64K | $34.99K | $21.63K | |
| $796.19K | $668.77K | $843.31K |
IVRS vs. PXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 12.75% | 7.40% | 28.15% |
PXQ Invesco Next Gen Connectivity ETF | 41.41% | 28.65% | 19.41% | 18.35% |
Correlation
The correlation between IVRS and PXQ is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.72 |
The correlation between IVRS and PXQ has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
IVRS vs. PXQ — Risk / Return Rank
IVRS
PXQ
IVRS vs. PXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) and Invesco Next Gen Connectivity ETF (PXQ). 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.
| IVRS | PXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.48 | -3.85 |
| Martin ratioReturn relative to average drawdown | -0.69 | 13.77 | -14.46 |
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Drawdowns
IVRS vs. PXQ - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum PXQ drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for IVRS and PXQ.
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Drawdown Indicators
| IVRS | PXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -57.18% | +25.75% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -18.91% | -12.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -21.40% | -10.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.55% | — |
Current DrawdownCurrent decline from peak | -20.06% | -14.01% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -10.73% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 4.77% | +12.02% |
Volatility
IVRS vs. PXQ - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 7.97%, while Invesco Next Gen Connectivity ETF (PXQ) has a volatility of 11.01%. This indicates that IVRS experiences smaller price fluctuations and is considered to be less risky than PXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVRS | PXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 11.01% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 24.68% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 27.66% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 24.49% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 23.55% | -2.67% |
IVRS vs. PXQ - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is higher than PXQ's 0.40% expense ratio.
Dividends
IVRS vs. PXQ - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, more than PXQ's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
IVRS and PXQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (11.01%) compared to IVRS (7.97%). In terms of maximum drawdown, IVRS dropped -31.43% vs PXQ's -57.18%.
On 3-year performance, PXQ leads with 36.00% vs 7.73% for IVRS. On fees, PXQ is cheaper at 0.40% per year. On volatility, IVRS has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PXQ has performed better with a 36.00% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.47% for IVRS.
IVRS has the higher dividend yield at 8.62%, compared with 0.68% for PXQ.
IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while PXQ tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for IVRS and 0.40% for PXQ.
PXQ currently has the higher Sharpe Ratio (2.38 vs -0.49), 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.
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