PXQ vs. QQQM
PXQ (Invesco Next Gen Connectivity ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, PXQ returned 16.31%/yr vs 14.31%/yr for QQQM. Their correlation of 0.85 means they have usually moved in the same direction. PXQ charges 0.40%/yr vs 0.15%/yr for QQQM.
Performance
PXQ vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than QQQM's 12.29% return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
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) |
|---|---|---|---|
| $741.37K | $822.66K | $837.91K | |
| $962.22M | $908.74M | $1.19B |
PXQ vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 14.39% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between PXQ and QQQM is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.85 |
The correlation between PXQ and QQQM has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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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 Next Gen Connectivity 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.
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.
| PXQ | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.88 | +1.43 |
| Martin ratioReturn relative to average drawdown | 13.33 | 6.01 | +7.32 |
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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 | -18.91% | -11.96% | -6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -22.70% | +1.30% |
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 | -14.80% | -7.69% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -8.15% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 3.74% | +0.94% |
Volatility
PXQ vs. QQQM - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 11.26% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.83%. 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 | 11.26% | 6.83% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 15.91% | +8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 19.24% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 22.74% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 22.32% | +1.23% |
PXQ vs. QQQM - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
PXQ vs. QQQM - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, more than QQQM's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 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 | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PXQ and QQQM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (11.26%) compared to QQQM (6.83%). In terms of maximum drawdown, PXQ dropped -57.18% vs QQQM's -35.04%.
On 5-year performance, PXQ leads with 16.31% vs 14.31% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PXQ has performed better with a 16.31% return vs 14.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.40% for PXQ.
PXQ has the higher dividend yield at 0.68%, compared with 0.46% for QQQM.
PXQ is categorized as Technology Equities, while QQQM is Nasdaq-100. PXQ tracks STOXX World AC NexGen Connectivity Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.40% for PXQ and 0.15% for QQQM.
PXQ currently has the higher Sharpe Ratio (2.27 vs 1.17), 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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