PIODX vs. QQQM
PIODX (Pioneer Fund) and QQQM (Invesco NASDAQ 100 ETF) are both funds - PIODX is a Large Cap Blend Equities fund managed by Amundi, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, PIODX returned 12.40%/yr vs 14.31%/yr for QQQM. Their correlation of 0.89 means they have usually moved in the same direction. PIODX charges 1.06%/yr vs 0.15%/yr for QQQM.
Performance
PIODX vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, PIODX achieves a 7.19% return, which is significantly lower than QQQM's 12.29% return.
PIODX
- 1D
- 2.73%
- 1M
- -2.16%
- 6M
- 3.50%
- YTD
- 7.19%
- 1Y
- 18.02%
- 3Y*
- 20.27%
- 5Y*
- 12.40%
- 10Y*
- 15.71%
- ALL TIME*
- 8.74%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PIODX Pioneer Fund | $0.00 | $0.00 | $0.00 |
| $962.22M | $908.74M | $1.19B |
PIODX vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PIODX Pioneer Fund | 7.19% | 23.30% | 22.62% | 28.45% | -19.43% | 27.40% | 4.36% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between PIODX and QQQM is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.89 |
The correlation between PIODX and QQQM has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
PIODX vs. QQQM — Risk / Return Rank
PIODX
QQQM
PIODX vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Fund (PIODX) 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.
| PIODX | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.88 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.74 | 6.01 | -0.27 |
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Drawdowns
PIODX vs. QQQM - Drawdown Comparison
The maximum PIODX drawdown since its inception was -53.40%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for PIODX and QQQM.
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Drawdown Indicators
| PIODX | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -35.04% | -18.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -11.96% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.52% | -22.70% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -35.04% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -30.14% | — | — |
Current DrawdownCurrent decline from peak | -5.42% | -7.69% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -8.15% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.74% | -1.02% |
Volatility
PIODX vs. QQQM - Volatility Comparison
The current volatility for Pioneer Fund (PIODX) is 5.08%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.83%. This indicates that PIODX 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.
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Volatility by Period
| PIODX | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 6.83% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 15.91% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 19.24% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 22.74% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 22.32% | -3.36% |
PIODX vs. QQQM - Expense Ratio Comparison
PIODX has a 1.06% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
PIODX vs. QQQM - Dividend Comparison
PIODX's dividend yield for the trailing twelve months is around 9.29%, more than QQQM's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIODX Pioneer Fund | 9.29% | 10.04% | 14.17% | 2.86% | 4.13% | 16.18% | 5.82% | 9.37% | 15.37% | 21.35% | 20.51% | 14.53% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, PIODX 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.
QQQM has higher volatility (6.83%) compared to PIODX (5.08%). In terms of maximum drawdown, PIODX dropped -53.40% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.17 vs 0.95), 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.
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