IYW vs. QQQM
IYW (iShares U.S. Technology ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IYW returned 21.19%/yr vs 16.94%/yr for QQQM. With a 0.98 correlation, they move nearly in lockstep. IYW charges 0.38%/yr vs 0.15%/yr for QQQM.
Performance
IYW vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.66% return, which is significantly higher than QQQM's 17.59% return.
IYW
- 1D
- 0.61%
- 1M
- 1.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 47.94%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
QQQM
- 1D
- 0.67%
- 1M
- 0.97%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 35.90%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
IYW vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 6.17% |
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between IYW and QQQM is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.98 |
The correlation between IYW and QQQM has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
IYW vs. QQQM — Risk / Return Rank
IYW
QQQM
IYW vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Invesco NASDAQ 100 ETF (QQQM). 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.
| IYW | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.02 | -0.31 |
| Martin ratioReturn relative to average drawdown | 8.68 | 11.23 | -2.55 |
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Drawdowns
IYW vs. QQQM - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IYW and QQQM.
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Drawdown Indicators
| IYW | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -35.04% | -46.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -11.96% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -22.70% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -35.04% | -4.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -5.81% | -3.33% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -34.62% | -8.23% | -26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 3.21% | +2.33% |
Volatility
IYW vs. QQQM - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 9.41% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.45%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 7.45% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 13.71% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 17.11% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 22.40% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 22.22% | +2.98% |
IYW vs. QQQM - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
IYW vs. QQQM - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than QQQM's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, IYW and QQQM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IYW has higher volatility (9.41%) compared to QQQM (7.45%). In terms of maximum drawdown, IYW dropped -81.90% vs QQQM's -35.04%.
On 5-year performance, IYW leads with 21.19% vs 16.94% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 21.19% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.38% for IYW.
QQQM has the higher dividend yield at 0.43%, compared with 0.11% for IYW.
IYW is categorized as Technology Equities, while QQQM is Nasdaq-100. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.38% for IYW and 0.15% for QQQM.
IYW currently has the higher Sharpe Ratio (2.24 vs 2.11), 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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