QBIG vs. QQH

Last updated Jun 4, 2026

QBIG (Invesco Top QQQ ETF) and QQH (HCM Defender 100 Index ETF) are both exchange-traded funds - QBIG is a Large Cap Blend Equities fund actively managed by Invesco, while QQH is a Technology Equities fund tracking the HCM Defender 100 Index. QBIG is actively managed, while QQH is passively managed. Over the past year, QBIG returned 35.93% vs 40.27% for QQH. Their correlation of 0.92 suggests significant overlap in exposure. QBIG charges 0.29%/yr vs 1.14%/yr for QQH.

Performance

QBIG vs. QQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Top QQQ ETF (QBIG) and HCM Defender 100 Index ETF (QQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBIG achieves a 8.80% return, which is significantly lower than QQH's 14.78% return.

QBIG

• 1D: -1.97%
• 1M: 3.99%
• YTD: 8.80%
• 6M: 6.39%
• 1Y: 35.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQH

• 1D: -0.56%
• 1M: 14.19%
• YTD: 14.78%
• 6M: 12.39%
• 1Y: 40.27%
• 3Y*: 26.06%
• 5Y*: 15.09%
• 10Y*: —

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

QBIG vs. QQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBIG Invesco Top QQQ ETF	8.80%	21.46%	3.04%
QQH HCM Defender 100 Index ETF	14.78%	15.66%	-2.41%

Correlation

The correlation between QBIG and QQH is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.92

The correlation between QBIG and QQH has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

QBIG vs. QQH - Sectors Allocation Comparison

Sectors	QBIG	QQH
Technology	19.4%	56.6%
Financial Services	14.8%	0.2%
Consumer Cyclical	7.9%	13.6%
Communication Services	6.0%	14.9%
Basic Materials	-	1.0%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Healthcare	-	3.5%
Industrials	-	2.2%
Real Estate	-	0.0%
Utilities	-	1.2%

Return for Risk

QBIG vs. QQH — Risk / Return Rank

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

QBIG

QBIG Risk / Return Rank: 45
QBIG Sharpe Ratio Rank: 53
QBIG Sortino Ratio Rank: 50
QBIG Omega Ratio Rank: 49
QBIG Calmar Ratio Rank: 37
QBIG Martin Ratio Rank: 36

QQH

QQH Risk / Return Rank: 51
QQH Sharpe Ratio Rank: 58
QQH Sortino Ratio Rank: 51
QQH Omega Ratio Rank: 52
QQH Calmar Ratio Rank: 50
QQH Martin Ratio Rank: 42

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.

QBIG vs. QQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Top QQQ ETF (QBIG) and HCM Defender 100 Index ETF (QQH). 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.

	QBIG	QQH	Difference
Sharpe ratio Return per unit of total volatility	1.86	1.97	-0.11
Sortino ratio Return per unit of downside risk	2.48	2.53	-0.05
Omega ratio Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio Return relative to maximum drawdown	1.83	2.50	-0.67
Martin ratio Return relative to average drawdown	5.73	6.81	-1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBIG vs. QQH - Sharpe Ratio Comparison

The current QBIG Sharpe Ratio is 1.86, which is comparable to the QQH Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of QBIG and QQH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QBIG	QQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.97	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.85	0.00

Drawdowns

QBIG vs. QQH - Drawdown Comparison

The maximum QBIG drawdown since its inception was -30.33%, smaller than the maximum QQH drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for QBIG and QQH.

Drawdown Indicators

	QBIG	QQH	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-41.87%	+11.54%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-16.18%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.87%	—
Current Drawdown Current decline from peak	-3.34%	-0.56%	-2.78%
Average Drawdown Average peak-to-trough decline	-7.02%	-12.94%	+5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.93%	+0.36%

Volatility

QBIG vs. QQH - Volatility Comparison

The current volatility for Invesco Top QQQ ETF (QBIG) is 5.32%, while HCM Defender 100 Index ETF (QQH) has a volatility of 6.03%. This indicates that QBIG experiences smaller price fluctuations and is considered to be less risky than QQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBIG	QQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	6.03%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	14.64%	14.47%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	20.57%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	21.51%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	24.73%	+2.59%

QBIG vs. QQH - Expense Ratio Comparison

QBIG has a 0.29% expense ratio, which is lower than QQH's 1.14% expense ratio.

Dividends

QBIG vs. QQH - Dividend Comparison

QBIG has not paid dividends to shareholders, while QQH's dividend yield for the trailing twelve months is around 0.18%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQH HCM Defender 100 Index ETF	0.18%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%

Frequently Asked Questions

Can I hold both QBIG and QQH in my portfolio?

QBIG and QQH have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBIG or QQH?

QQH has higher volatility (6.03%) compared to QBIG (5.32%). In terms of maximum drawdown, QBIG dropped -30.33% vs QQH's -41.87%.

Which ETF is better, QBIG or QQH?

On 1-year performance, QQH leads with 40.27% vs 35.93% for QBIG. On fees, QBIG is cheaper at 0.29% per year. On volatility, QBIG has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBIG or QQH?

Over the 1-year period, QQH has performed better with a 40.27% return vs 35.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBIG or QQH?

QBIG is cheaper with a 0.29% expense ratio, compared with 1.14% for QQH.

Which ETF pays a higher dividend yield, QBIG or QQH?

QQH has the higher dividend yield at 0.18%, compared with 0.00% for QBIG.

What is the main difference between QBIG and QQH?

QBIG is categorized as Large Cap Blend Equities, while QQH is Technology Equities. They also come from different issuers: Invesco and Howard Capital Management. Their fees differ too: 0.29% for QBIG and 1.14% for QQH.

Which has better risk-adjusted returns?

QQH currently has the higher Sharpe Ratio (1.97 vs 1.86), 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.