OYAIX vs. QQQ

Last updated Jun 24, 2026

OYAIX (Invesco Select Risk: High Growth Investor Fund) and QQQ (Invesco QQQ ETF) are both funds - OYAIX is a Diversified Portfolio fund managed by Invesco, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, OYAIX returned 10.11%/yr vs 22.07%/yr for QQQ. Their correlation of 0.84 suggests significant overlap in exposure. OYAIX charges 0.14%/yr vs 0.18%/yr for QQQ.

Performance

OYAIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Select Risk: High Growth Investor Fund (OYAIX) 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, OYAIX achieves a 12.63% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, OYAIX has underperformed QQQ with an annualized return of 10.11%, while QQQ has yielded a comparatively higher 22.07% annualized return.

OYAIX

• 1D: -0.28%
• 1M: 2.00%
• YTD: 12.63%
• 6M: 11.65%
• 1Y: 24.83%
• 3Y*: 16.09%
• 5Y*: 7.24%
• 10Y*: 10.11%

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

OYAIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OYAIX Invesco Select Risk: High Growth Investor Fund	12.63%	16.71%	10.91%	14.87%	-19.35%	15.51%	13.65%	27.10%	-12.88%	25.21%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between OYAIX and QQQ is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 5, 2005	0.84

The correlation between OYAIX and QQQ has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

OYAIX vs. QQQ — Risk / Return Rank

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

OYAIX

OYAIX Risk / Return Rank: 72
OYAIX Sharpe Ratio Rank: 67
OYAIX Sortino Ratio Rank: 69
OYAIX Omega Ratio Rank: 63
OYAIX Calmar Ratio Rank: 78
OYAIX Martin Ratio Rank: 82

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

OYAIX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: High Growth Investor Fund (OYAIX) 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.

	OYAIX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.95	+0.25
Sortino ratio: Return per unit of downside risk	3.15	2.57	+0.58
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	3.38	2.93	+0.45
Martin ratio: Return relative to average drawdown	14.19	10.86	+3.33

OYAIX vs. QQQ - Sharpe Ratio Comparison

The current OYAIX Sharpe Ratio is 2.21, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of OYAIX 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.

Drawdowns

OYAIX vs. QQQ - Drawdown Comparison

The maximum OYAIX drawdown since its inception was -57.72%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for OYAIX and QQQ.

Drawdown Indicators

	OYAIX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-82.97%	+25.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-11.96%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-22.77%	+6.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-35.12%	+7.36%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-35.12%	+0.42%
Current Drawdown Current decline from peak	-0.78%	-4.25%	+3.47%
Average Drawdown Average peak-to-trough decline	-9.23%	-32.73%	+23.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.22%	-1.27%

Volatility

OYAIX vs. QQQ - Volatility Comparison

The current volatility for Invesco Select Risk: High Growth Investor Fund (OYAIX) is 4.95%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that OYAIX 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

	OYAIX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	9.17%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	14.57%	-3.98%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	17.96%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	22.69%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	22.42%	-7.01%

OYAIX vs. QQQ - Expense Ratio Comparison

OYAIX has a 0.14% 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

OYAIX vs. QQQ - Dividend Comparison

OYAIX's dividend yield for the trailing twelve months is around 4.88%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OYAIX Invesco Select Risk: High Growth Investor Fund	4.88%	5.49%	5.95%	2.76%	6.97%	7.25%	19.62%	19.14%	7.90%	2.62%	0.79%	1.51%
QQQ Invesco QQQ ETF	0.43%	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 OYAIX and QQQ in my portfolio?

OYAIX and QQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OYAIX or QQQ?

QQQ has higher volatility (9.17%) compared to OYAIX (4.95%). In terms of maximum drawdown, OYAIX dropped -57.72% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

OYAIX currently has the higher Sharpe Ratio (2.21 vs 1.95), 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.