IXN vs. QQQ
Compare and contrast key facts about iShares Global Tech ETF (IXN) and Invesco QQQ (QQQ).
IXN and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IXN and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXN or QQQ.
Performance
IXN vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IXN achieves a 20.95% return, which is significantly lower than QQQ's 22.63% return. Over the past 10 years, IXN has outperformed QQQ with an annualized return of 18.99%, while QQQ has yielded a comparatively lower 18.02% annualized return.
IXN
20.95%
-1.68%
7.32%
27.68%
20.76%
18.99%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| IXN | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.29 | 1.75 |
| Sortino Ratio | 1.78 | 2.34 |
| Omega Ratio | 1.24 | 1.32 |
| Calmar Ratio | 1.64 | 2.25 |
| Martin Ratio | 5.23 | 8.17 |
| Ulcer Index | 5.31% | 3.73% |
| Daily Std Dev | 21.50% | 17.44% |
| Max Drawdown | -55.67% | -82.98% |
| Current Drawdown | -6.27% | -2.75% |
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IXN vs. QQQ - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IXN and QQQ is 0.87, 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.
Risk-Adjusted Performance
IXN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Invesco QQQ (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.
Dividends
IXN vs. QQQ - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.45%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.45% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% | 1.02% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IXN vs. QQQ - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IXN and QQQ. For additional features, visit the drawdowns tool.
Volatility
IXN vs. QQQ - Volatility Comparison
iShares Global Tech ETF (IXN) and Invesco QQQ (QQQ) have volatilities of 5.57% and 5.62%, 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.