KLMT vs. QQQ

Last updated Jun 4, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - KLMT is a Global Equities fund tracking the MSCI ACWI Select Climate 500 Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, KLMT returned 27.86% vs 41.82% for QQQ. Their correlation of 0.90 suggests significant overlap in exposure. KLMT charges 0.10%/yr vs 0.18%/yr for QQQ.

Performance

KLMT vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMT achieves a 12.04% return, which is significantly lower than QQQ's 21.30% return.

KLMT

• 1D: -0.78%
• 1M: 5.23%
• YTD: 12.04%
• 6M: 12.88%
• 1Y: 27.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMT vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	12.04%	21.31%	4.94%
QQQ Invesco QQQ ETF	21.30%	20.77%	6.75%

Correlation

The correlation between KLMT and QQQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.90

The correlation between KLMT and QQQ has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

KLMT vs. QQQ - Sectors Allocation Comparison

Sectors	KLMT	QQQ
Technology	30.0%	53.8%
Financial Services	16.9%	0.2%
Industrials	10.2%	2.8%
Communication Services	9.6%	15.8%
Consumer Cyclical	9.2%	12.3%
Healthcare	8.0%	4.2%
Consumer Defensive	4.6%	7.7%
Energy	4.1%	0.6%
Basic Materials	2.8%	1.1%
Real Estate	2.7%	0.1%
Utilities	2.0%	1.4%

Return for Risk

KLMT vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMT

KLMT Risk / Return Rank: 67
KLMT Sharpe Ratio Rank: 68
KLMT Sortino Ratio Rank: 68
KLMT Omega Ratio Rank: 67
KLMT Calmar Ratio Rank: 60
KLMT Martin Ratio Rank: 70

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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.

KLMT vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

	KLMT	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.64	-0.42
Sortino ratio: Return per unit of downside risk	3.10	3.45	-0.35
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	2.93	3.51	-0.58
Martin ratio: Return relative to average drawdown	12.75	13.49	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMT vs. QQQ - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 2.22, which is comparable to the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of KLMT 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.

Sharpe Ratios by Period

	KLMT	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.64	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.41	+0.87

Drawdowns

KLMT vs. QQQ - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for KLMT and QQQ.

Drawdown Indicators

	KLMT	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-82.97%	+66.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-11.96%	+2.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.78%	-0.26%	-0.52%
Average Drawdown Average peak-to-trough decline	-1.91%	-32.79%	+30.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	3.11%	-0.92%

Volatility

KLMT vs. QQQ - Volatility Comparison

The current volatility for Invesco MSCI Global Climate 500 ETF (KLMT) is 3.76%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that KLMT 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.

Volatility by Period

	KLMT	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	4.49%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	12.10%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	15.94%	-3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	22.38%	-6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	22.29%	-6.44%

KLMT vs. QQQ - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

KLMT vs. QQQ - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.75%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLMT Invesco MSCI Global Climate 500 ETF	1.75%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	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

Can I hold both KLMT and QQQ in my portfolio?

KLMT and QQQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMT or QQQ?

QQQ has higher volatility (4.49%) compared to KLMT (3.76%). In terms of maximum drawdown, KLMT dropped -16.87% vs QQQ's -82.97%.

Which ETF is better, KLMT or QQQ?

On 1-year performance, QQQ leads with 41.82% vs 27.86% for KLMT. On fees, KLMT is cheaper at 0.10% per year. On volatility, KLMT has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KLMT or QQQ?

Over the 1-year period, QQQ has performed better with a 41.82% return vs 27.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMT or QQQ?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.18% for QQQ.

Which ETF pays a higher dividend yield, KLMT or QQQ?

KLMT has the higher dividend yield at 1.75%, compared with 0.38% for QQQ.

What is the main difference between KLMT and QQQ?

KLMT is categorized as Global Equities, while QQQ is Nasdaq-100. KLMT tracks MSCI ACWI Select Climate 500 Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.10% for KLMT and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 2.22), 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.