QOWZ vs. IVV
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and iShares Core S&P 500 ETF (IVV).
QOWZ and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both QOWZ and IVV 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
QOWZ vs. IVV - Performance Comparison
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QOWZ vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | -11.99% | 7.24% | 33.16% | 6.47% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 4.97% |
Returns By Period
In the year-to-date period, QOWZ achieves a -11.99% return, which is significantly lower than IVV's -4.38% return.
QOWZ
- 1D
- 2.30%
- 1M
- -6.09%
- YTD
- -11.99%
- 6M
- -13.63%
- 1Y
- 0.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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QOWZ vs. IVV - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
QOWZ vs. IVV — Risk / Return Rank
QOWZ
IVV
QOWZ vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and iShares Core S&P 500 ETF (IVV). 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.
| QOWZ | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.97 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.22 | 1.49 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.23 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.53 | -1.46 |
Martin ratioReturn relative to average drawdown | 0.23 | 7.32 | -7.09 |
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
| QOWZ | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.97 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.42 | +0.27 |
Correlation
The correlation between QOWZ and IVV is 0.88, 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
QOWZ vs. IVV - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.29%, less than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.29% | 0.28% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
QOWZ vs. IVV - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -20.36%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for QOWZ and IVV.
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Drawdown Indicators
| QOWZ | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.36% | -55.25% | +34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -12.06% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -15.34% | -6.26% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -10.85% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 2.53% | +2.85% |
Volatility
QOWZ vs. IVV - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and iShares Core S&P 500 ETF (IVV) have volatilities of 5.46% and 5.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QOWZ | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.30% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 9.45% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 18.31% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 16.89% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 18.04% | +1.39% |