IYT vs. QQQ
Compare and contrast key facts about iShares Transportation Average ETF (IYT) and Invesco QQQ (QQQ).
IYT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYT is a passively managed fund by iShares that tracks the performance of the Dow Jones Transportation Average Index. It was launched on Oct 10, 2003. 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 IYT 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: IYT or QQQ.
Key characteristics
| IYT | QQQ | |
|---|---|---|
| YTD Return | 12.48% | 26.09% |
| 1Y Return | 31.26% | 39.88% |
| 3Y Return (Ann) | 2.91% | 9.90% |
| 5Y Return (Ann) | 9.37% | 21.46% |
| 10Y Return (Ann) | 7.33% | 18.52% |
| Sharpe Ratio | 1.60 | 2.22 |
| Sortino Ratio | 2.40 | 2.92 |
| Omega Ratio | 1.28 | 1.40 |
| Calmar Ratio | 0.30 | 2.86 |
| Martin Ratio | 5.76 | 10.44 |
| Ulcer Index | 5.21% | 3.72% |
| Daily Std Dev | 18.71% | 17.47% |
| Max Drawdown | -100.00% | -82.98% |
| Current Drawdown | -99.99% | 0.00% |
Correlation
The correlation between IYT 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.
Performance
IYT vs. QQQ - Performance Comparison
In the year-to-date period, IYT achieves a 12.48% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, IYT has underperformed QQQ with an annualized return of 7.33%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYT vs. QQQ - Expense Ratio Comparison
IYT has a 0.42% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IYT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) 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
IYT vs. QQQ - Dividend Comparison
IYT's dividend yield for the trailing twelve months is around 1.07%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 1.07% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% | 0.70% | 0.86% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IYT vs. QQQ - Drawdown Comparison
The maximum IYT drawdown since its inception was -100.00%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IYT and QQQ. For additional features, visit the drawdowns tool.
Volatility
IYT vs. QQQ - Volatility Comparison
iShares Transportation Average ETF (IYT) has a higher volatility of 7.71% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.