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IXP vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXP vs. QQQ

Last updated Jun 23, 2026

IXP (iShares Global Comm Services ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IXP is a Large Cap Growth Equities fund tracking the S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IXP returned 8.96%/yr vs 22.48%/yr for QQQ. A 0.67 correlation means they provide meaningful diversification when combined. IXP charges 0.43%/yr vs 0.18%/yr for QQQ.

Performance

IXP vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Comm Services ETF (IXP) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXP achieves a -4.97% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, IXP has underperformed QQQ with an annualized return of 8.96%, while QQQ has yielded a comparatively higher 22.48% annualized return.

IXP

1D
-2.54%
1M
-6.54%
YTD
-4.97%
6M
-4.20%
1Y
11.28%
3Y*
21.44%
5Y*
7.71%
10Y*
8.96%

QQQ

1D
-0.25%
1M
2.96%
YTD
20.41%
6M
19.46%
1Y
40.91%
3Y*
27.47%
5Y*
16.94%
10Y*
22.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXP vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXP
iShares Global Comm Services ETF		-4.97%29.27%31.33%38.80%-33.40%12.77%22.16%25.23%-13.67%6.65%
QQQ
Invesco QQQ ETF		20.41%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between IXP and QQQ is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2001

0.67

The correlation between IXP and QQQ shifts across timeframes, from 0.67 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

IXP vs. QQQ - Sectors Allocation Comparison

Sectors
IXP
QQQ

Communication Services

99.3%
14.3%

Technology

2.0%
58.7%

Real Estate

0.5%
0.1%

Consumer Cyclical

0.2%
11.4%

Basic Materials

-

1.0%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Financial Services

-

0.2%

Healthcare

-

3.7%

Industrials

-

2.6%

Utilities

-

1.2%

Communication Services

IXP
99.3%
QQQ
14.3%

Technology

IXP
2.0%
QQQ
58.7%

Real Estate

IXP
0.5%
QQQ
0.1%

Consumer Cyclical

IXP
0.2%
QQQ
11.4%

Basic Materials

IXP

-

QQQ
1.0%

Consumer Defensive

IXP

-

QQQ
6.4%

Energy

IXP

-

QQQ
0.5%

Financial Services

IXP

-

QQQ
0.2%

Healthcare

IXP

-

QQQ
3.7%

Industrials

IXP

-

QQQ
2.6%

Utilities

IXP

-

QQQ
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Comm Services ETF

Invesco QQQ ETF

Often compared with IXP:
IXP vs. XLCIXP vs. FCOMIXP vs. IYZIXP vs. VOOIXP vs. IYWIXP vs. VTIIXP vs. RSPN
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

IXP vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXP
IXP Risk / Return Rank: 2222
Overall Rank
IXP Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2222
Sortino Ratio Rank
IXP Omega Ratio Rank: 2121
Omega Ratio Rank
IXP Calmar Ratio Rank: 2121
Calmar Ratio Rank
IXP Martin Ratio Rank: 2424
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7272
Overall Rank
QQQ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7272
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
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.

IXP vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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.

IXPQQQDifference
Sharpe ratioReturn per unit of total volatility
0.75
2.33

-1.58

Sortino ratioReturn per unit of downside risk
1.21
3.03

-1.82

Omega ratioGain probability vs. loss probability

1.14

1.41

-0.27

Calmar ratioReturn relative to maximum drawdown

0.92

3.44

-2.51

Martin ratioReturn relative to average drawdown

3.01

12.79

-9.78

IXP vs. QQQ - Sharpe Ratio Comparison

The current IXP Sharpe Ratio is 0.75, which is lower than the QQQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of IXP 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.

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Drawdowns

IXP vs. QQQ - Drawdown Comparison

The maximum IXP drawdown since its inception was -50.11%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IXP and QQQ.

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Drawdown Indicators

IXPQQQDifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-82.97%

+32.86%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-11.96%

-0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-22.77%

+5.23%

Max Drawdown (5Y)

Largest decline over 5 years

-44.30%

-35.12%

-9.18%

Max Drawdown (10Y)

Largest decline over 10 years

-44.30%

-35.12%

-9.18%

Current Drawdown

Current decline from peak

-8.94%

-0.99%

-7.95%

Average Drawdown

Average peak-to-trough decline

-11.90%

-32.73%

+20.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

3.21%

+0.55%

Volatility

IXP vs. QQQ - Volatility Comparison

The current volatility for iShares Global Comm Services ETF (IXP) is 4.81%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. 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.

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Volatility by Period

IXPQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

8.47%

-3.66%

Volatility (6M)

Calculated over the trailing 6-month period

11.25%

14.20%

-2.95%

Volatility (1Y)

Calculated over the trailing 1-year period

15.04%

17.67%

-2.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.09%

22.64%

-3.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.56%

22.43%

-3.87%

IXP vs. QQQ - Expense Ratio Comparison

IXP has a 0.43% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IXP vs. QQQ - Dividend Comparison

IXP's dividend yield for the trailing twelve months is around 3.43%, more than QQQ's 0.49% yield.

PositionTTM20252024202320222021202020192018201720162015
IXP
iShares Global Comm Services ETF		3.43%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%
QQQ
Invesco QQQ ETF		0.49%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

IXP and QQQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (8.47%) compared to IXP (4.81%). In terms of maximum drawdown, IXP dropped -50.11% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 22.48% vs 8.96% for IXP. On fees, QQQ is cheaper at 0.18% per year. On volatility, IXP has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 22.48% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.43% for IXP.

IXP has the higher dividend yield at 3.43%, compared with 0.49% for QQQ.

IXP is categorized as Large Cap Growth Equities, while QQQ is Nasdaq-100. IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.43% for IXP and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.33 vs 0.75), 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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