MAIIX vs. QQQ
MAIIX (iShares MSCI EAFE International Index Fund) and QQQ (Invesco QQQ ETF) are both funds - MAIIX is a Foreign Large Cap Equities fund managed by BlackRock, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, MAIIX returned 9.62%/yr vs 22.48%/yr for QQQ. A 0.58 correlation means they provide meaningful diversification when combined. MAIIX charges 0.09%/yr vs 0.18%/yr for QQQ.
Performance
MAIIX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.70% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, MAIIX has underperformed QQQ with an annualized return of 9.62%, while QQQ has yielded a comparatively higher 22.48% annualized return.
MAIIX
- 1D
- 0.80%
- 1M
- 2.00%
- YTD
- 10.70%
- 6M
- 11.04%
- 1Y
- 25.39%
- 3Y*
- 16.34%
- 5Y*
- 9.47%
- 10Y*
- 9.62%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
MAIIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.70% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MAIIX and QQQ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.58 |
The correlation between MAIIX and QQQ shifts across timeframes, from 0.58 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAIIX vs. QQQ — Risk / Return Rank
MAIIX
QQQ
MAIIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) 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.
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.
| MAIIX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.44 | -1.27 |
| Martin ratioReturn relative to average drawdown | 8.10 | 12.79 | -4.68 |
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Drawdowns
MAIIX vs. QQQ - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MAIIX and QQQ.
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Drawdown Indicators
| MAIIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -82.97% | +21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -11.96% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -22.77% | +9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -35.12% | +5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -35.12% | +1.11% |
Current DrawdownCurrent decline from peak | 0.00% | -0.99% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -32.73% | +17.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.21% | -0.19% |
Volatility
MAIIX vs. QQQ - Volatility Comparison
The current volatility for iShares MSCI EAFE International Index Fund (MAIIX) is 4.98%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that MAIIX 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.
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Volatility by Period
| MAIIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 8.47% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 14.20% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 17.67% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 22.64% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 22.43% | -5.77% |
MAIIX vs. QQQ - Expense Ratio Comparison
MAIIX has a 0.09% 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
MAIIX vs. QQQ - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.35%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.35% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
QQQ Invesco QQQ ETF | 0.49% | 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
MAIIX and QQQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.47%) compared to MAIIX (4.98%). In terms of maximum drawdown, MAIIX dropped -61.05% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.33 vs 1.58), 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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