PNQI vs. ITOT

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).

PNQI and ITOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004. Both PNQI and ITOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PNQI vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Internet ETF (PNQI) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

PNQI vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNQI Invesco NASDAQ Internet ETF	-17.01%	15.56%	29.44%	60.69%	-47.92%	-5.57%	61.36%	28.76%	-5.08%	40.05%
ITOT iShares Core S&P Total U.S. Stock Market ETF	-3.31%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Returns By Period

In the year-to-date period, PNQI achieves a -17.01% return, which is significantly lower than ITOT's -3.31% return. Over the past 10 years, PNQI has underperformed ITOT with an annualized return of 11.40%, while ITOT has yielded a comparatively higher 13.65% annualized return.

PNQI

• 1D: 0.09%
• 1M: -5.14%
• YTD: -17.01%
• 6M: -19.24%
• 1Y: 0.81%
• 3Y*: 16.69%
• 5Y*: -1.01%
• 10Y*: 11.40%

ITOT

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.31%
• 6M: -1.32%
• 1Y: 18.51%
• 3Y*: 18.11%
• 5Y*: 10.62%
• 10Y*: 13.65%

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

PNQI vs. ITOT - Expense Ratio Comparison

PNQI has a 0.62% expense ratio, which is higher than ITOT's 0.03% expense ratio.

PNQI

Invesco NASDAQ Internet ETF

ITOT

iShares Core S&P Total U.S. Stock Market ETF

Return for Risk

PNQI vs. ITOT — Risk / Return Rank

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

PNQI

PNQI Risk / Return Rank: 13
PNQI Sharpe Ratio Rank: 12
PNQI Sortino Ratio Rank: 13
PNQI Omega Ratio Rank: 13
PNQI Calmar Ratio Rank: 13
PNQI Martin Ratio Rank: 13

ITOT

ITOT Risk / Return Rank: 59
ITOT Sharpe Ratio Rank: 53
ITOT Sortino Ratio Rank: 57
ITOT Omega Ratio Rank: 60
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 69

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.

PNQI vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	PNQI	ITOT	Difference
Sharpe ratio Return per unit of total volatility	0.03	1.00	-0.96
Sortino ratio Return per unit of downside risk	0.22	1.52	-1.30
Omega ratio Gain probability vs. loss probability	1.03	1.23	-0.20
Calmar ratio Return relative to maximum drawdown	0.06	1.53	-1.47
Martin ratio Return relative to average drawdown	0.17	7.25	-7.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PNQI vs. ITOT - Sharpe Ratio Comparison

The current PNQI Sharpe Ratio is 0.03, which is lower than the ITOT Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of PNQI and ITOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PNQI	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	1.00	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.61	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.75	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.54	-0.03

Correlation

The correlation between PNQI and ITOT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PNQI vs. ITOT - Dividend Comparison

PNQI's dividend yield for the trailing twelve months is around 0.02%, less than ITOT's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PNQI Invesco NASDAQ Internet ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.12%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Drawdowns

PNQI vs. ITOT - Drawdown Comparison

The maximum PNQI drawdown since its inception was -59.70%, which is greater than ITOT's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PNQI and ITOT.

Drawdown Indicators

	PNQI	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-55.20%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.85%	-12.34%	-12.51%
Max Drawdown (5Y) Largest decline over 5 years	-59.56%	-25.36%	-34.20%
Max Drawdown (10Y) Largest decline over 10 years	-59.70%	-35.00%	-24.70%
Current Drawdown Current decline from peak	-21.57%	-5.51%	-16.06%
Average Drawdown Average peak-to-trough decline	-12.93%	-7.02%	-5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	2.61%	+5.82%

Volatility

PNQI vs. ITOT - Volatility Comparison

Invesco NASDAQ Internet ETF (PNQI) has a higher volatility of 7.31% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 5.49%. This indicates that PNQI's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNQI	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	5.49%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	9.78%	+4.23%
Volatility (1Y) Calculated over the trailing 1-year period	23.46%	18.68%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.87%	17.36%	+9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	18.25%	+7.00%