PXQ vs. QQQM
Compare and contrast key facts about Invesco Dynamic Networking ETF (PXQ) and Invesco NASDAQ 100 ETF (QQQM).
PXQ and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXQ is a passively managed fund by Invesco that tracks the performance of the Dynamic Networking Intellidex Index. It was launched on Jun 23, 2005. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both PXQ and QQQM 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
PXQ vs. QQQM - Performance Comparison
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PXQ vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PXQ Invesco Dynamic Networking ETF | 5.86% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 14.12% |
QQQM Invesco NASDAQ 100 ETF | -4.75% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
Returns By Period
In the year-to-date period, PXQ achieves a 5.86% return, which is significantly higher than QQQM's -4.75% return.
PXQ
- 1D
- 2.12%
- 1M
- -4.06%
- YTD
- 5.86%
- 6M
- 10.12%
- 1Y
- 41.49%
- 3Y*
- 23.88%
- 5Y*
- 12.33%
- 10Y*
- 16.41%
QQQM
- 1D
- 1.24%
- 1M
- -3.78%
- YTD
- -4.75%
- 6M
- -2.87%
- 1Y
- 24.28%
- 3Y*
- 22.91%
- 5Y*
- 13.24%
- 10Y*
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PXQ vs. QQQM - Expense Ratio Comparison
PXQ has a 0.63% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Return for Risk
PXQ vs. QQQM — Risk / Return Rank
PXQ
QQQM
PXQ vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Networking ETF (PXQ) 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.
| PXQ | QQQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.09 | +0.70 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.68 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.02 | +1.25 |
Martin ratioReturn relative to average drawdown | 15.18 | 7.35 | +7.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PXQ | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.09 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.60 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.64 | -0.15 |
Correlation
The correlation between PXQ and QQQM is 0.84, 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
PXQ vs. QQQM - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.88%, more than QQQM's 0.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Dynamic Networking ETF | 0.88% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
QQQM Invesco NASDAQ 100 ETF | 0.53% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PXQ vs. QQQM - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for PXQ and QQQM.
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Drawdown Indicators
| PXQ | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -35.04% | -22.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -12.55% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -35.04% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -7.86% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -8.47% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.44% | -0.66% |
Volatility
PXQ vs. QQQM - Volatility Comparison
Invesco Dynamic Networking ETF (PXQ) has a higher volatility of 8.36% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.58%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier 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
| PXQ | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 6.58% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 12.79% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 22.45% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 22.24% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 22.26% | +0.46% |