IXP vs. QQQ
Compare and contrast key facts about iShares Global Comm Services ETF (IXP) and Invesco QQQ (QQQ).
IXP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXP is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. 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 IXP 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: IXP or QQQ.
Performance
IXP vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IXP achieves a 28.51% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, IXP has underperformed QQQ with an annualized return of 6.67%, while QQQ has yielded a comparatively higher 18.03% annualized return.
IXP
28.51%
1.71%
11.61%
30.85%
11.25%
6.67%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| IXP | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.18 | 1.78 |
| Sortino Ratio | 3.00 | 2.37 |
| Omega Ratio | 1.39 | 1.32 |
| Calmar Ratio | 1.71 | 2.28 |
| Martin Ratio | 13.65 | 8.27 |
| Ulcer Index | 2.34% | 3.73% |
| Daily Std Dev | 14.65% | 17.37% |
| Max Drawdown | -50.13% | -82.98% |
| Current Drawdown | -2.14% | -1.78% |
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IXP vs. QQQ - Expense Ratio Comparison
IXP has a 0.43% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IXP and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IXP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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
IXP vs. QQQ - Dividend Comparison
IXP's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | 0.96% | 1.24% | 1.43% | 1.80% | 0.95% | 2.18% | 4.32% | 3.40% | 4.02% | 3.89% | 12.39% | 3.40% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IXP vs. QQQ - Drawdown Comparison
The maximum IXP drawdown since its inception was -50.13%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IXP and QQQ. For additional features, visit the drawdowns tool.
Volatility
IXP vs. QQQ - Volatility Comparison
The current volatility for iShares Global Comm Services ETF (IXP) is 3.98%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that IXP 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.