IYH vs. QQQ
Compare and contrast key facts about iShares U.S. Healthcare ETF (IYH) and Invesco QQQ (QQQ).
IYH and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000. 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 IYH 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: IYH or QQQ.
Performance
IYH vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IYH achieves a 5.16% return, which is significantly lower than QQQ's 22.63% return. Over the past 10 years, IYH has underperformed QQQ with an annualized return of 9.08%, while QQQ has yielded a comparatively higher 18.02% annualized return.
IYH
5.16%
-7.73%
-1.96%
12.61%
9.07%
9.08%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| IYH | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.14 | 1.75 |
| Sortino Ratio | 1.62 | 2.34 |
| Omega Ratio | 1.21 | 1.32 |
| Calmar Ratio | 1.28 | 2.25 |
| Martin Ratio | 4.84 | 8.17 |
| Ulcer Index | 2.58% | 3.73% |
| Daily Std Dev | 10.94% | 17.44% |
| Max Drawdown | -43.13% | -82.98% |
| Current Drawdown | -9.74% | -2.75% |
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IYH vs. QQQ - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between IYH and QQQ is 0.63, 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
IYH vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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
IYH vs. QQQ - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.18%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.18% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% | 1.05% | 1.12% |
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
IYH vs. QQQ - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.13%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IYH and QQQ. For additional features, visit the drawdowns tool.
Volatility
IYH vs. QQQ - Volatility Comparison
The current volatility for iShares U.S. Healthcare ETF (IYH) is 3.56%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that IYH 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.