LIZIX vs. QQQM

Last updated Aug 1, 2026

LIZIX (BlackRock LifePath Index 2060 Fund) and QQQM (Invesco NASDAQ 100 ETF) are both funds - LIZIX is a Target Retirement Date fund managed by BlackRock, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, LIZIX returned 9.80%/yr vs 14.31%/yr for QQQM. Their correlation of 0.87 means they have usually moved in the same direction. LIZIX charges 0.10%/yr vs 0.15%/yr for QQQM.

Performance

LIZIX vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2060 Fund (LIZIX) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIZIX achieves a 11.15% return, which is significantly lower than QQQM's 12.29% return.

LIZIX

• 1D: 2.08%
• 1M: -0.51%
• 6M: 7.75%
• YTD: 11.15%
• 1Y: 23.47%
• 3Y*: 16.88%
• 5Y*: 9.80%
• 10Y*: —
• ALL TIME*: 11.95%

QQQM

• 1D: 0.69%
• 1M: -3.45%
• 6M: 10.92%
• YTD: 12.29%
• 1Y: 24.86%
• 3Y*: 22.37%
• 5Y*: 14.31%
• 10Y*: —
• ALL TIME*: 16.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIZIX BlackRock LifePath Index 2060 Fund	$0.00	$0.00	$0.00
QQQM Invesco NASDAQ 100 ETF	$962.22M	$908.74M	$1.19B

LIZIX vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LIZIX BlackRock LifePath Index 2060 Fund	11.15%	21.65%	14.01%	21.63%	-18.42%	18.81%	9.44%
QQQM Invesco NASDAQ 100 ETF	12.29%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between LIZIX and QQQM is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.87

The correlation between LIZIX and QQQM has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

LIZIX vs. QQQM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIZIX

LIZIX Risk / Return Rank: 70
LIZIX Sharpe Ratio Rank: 67
LIZIX Sortino Ratio Rank: 65
LIZIX Omega Ratio Rank: 65
LIZIX Calmar Ratio Rank: 71
LIZIX Martin Ratio Rank: 80

QQQM

QQQM Risk / Return Rank: 49
QQQM Sharpe Ratio Rank: 48
QQQM Sortino Ratio Rank: 46
QQQM Omega Ratio Rank: 45
QQQM Calmar Ratio Rank: 54
QQQM Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIZIX vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2060 Fund (LIZIX) 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.

	LIZIX	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.17	+0.38
Sortino ratio: Return per unit of downside risk	2.19	1.66	+0.53
Omega ratio: Gain probability vs. loss probability	1.28	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	2.26	1.88	+0.37
Martin ratio: Return relative to average drawdown	9.48	6.01	+3.47

LIZIX vs. QQQM - Sharpe Ratio Comparison

The current LIZIX Sharpe Ratio is 1.55, which is higher than the QQQM Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of LIZIX and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIZIX vs. QQQM - Drawdown Comparison

The maximum LIZIX drawdown since its inception was -34.39%, roughly equal to the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for LIZIX and QQQM.

Drawdown Indicators

	LIZIX	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-35.04%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-11.96%	+2.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.21%	-22.70%	+5.49%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-35.04%	+8.55%
Current Drawdown Current decline from peak	-1.81%	-7.69%	+5.88%
Average Drawdown Average peak-to-trough decline	-4.89%	-8.15%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	3.74%	-1.48%

Volatility

LIZIX vs. QQQM - Volatility Comparison

The current volatility for BlackRock LifePath Index 2060 Fund (LIZIX) is 3.97%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.83%. This indicates that LIZIX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIZIX	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	6.83%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	15.91%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	19.24%	-5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	22.74%	-6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	22.32%	-5.39%

LIZIX vs. QQQM - Expense Ratio Comparison

LIZIX has a 0.10% expense ratio, which is lower than QQQM's 0.15% 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

LIZIX vs. QQQM - Dividend Comparison

LIZIX's dividend yield for the trailing twelve months is around 1.98%, more than QQQM's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIZIX BlackRock LifePath Index 2060 Fund	1.98%	2.16%	0.00%	2.02%	1.81%	1.97%	1.53%	2.49%	2.22%	2.04%
QQQM Invesco NASDAQ 100 ETF	0.46%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LIZIX and QQQM in my portfolio?

LIZIX and QQQM 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, LIZIX or QQQM?

QQQM has higher volatility (6.83%) compared to LIZIX (3.97%). In terms of maximum drawdown, LIZIX dropped -34.39% vs QQQM's -35.04%.

Which has better risk-adjusted returns?

LIZIX currently has the higher Sharpe Ratio (1.55 vs 1.17), 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.