QQH vs. IETC
QQH (HCM Defender 100 Index ETF) and IETC (iShares U.S. Tech Independence Focused ETF) are both Technology Equities funds. QQH is passively managed, while IETC is actively managed. Over the past 5 years, QQH returned 10.11%/yr vs 13.38%/yr for IETC. Their correlation of 0.90 means they have usually moved in the same direction. QQH charges 1.14%/yr vs 0.18%/yr for IETC.
Performance
QQH vs. IETC - Performance Comparison
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Returns By Period
In the year-to-date period, QQH achieves a 3.46% return, which is significantly higher than IETC's 1.45% return.
QQH
- 1D
- 0.88%
- 1M
- -3.43%
- 6M
- 2.85%
- YTD
- 3.46%
- 1Y
- 17.89%
- 3Y*
- 17.81%
- 5Y*
- 10.11%
- 10Y*
- —
- ALL TIME*
- 18.68%
IETC
- 1D
- 1.59%
- 1M
- -0.77%
- 6M
- 5.62%
- YTD
- 1.45%
- 1Y
- 8.28%
- 3Y*
- 22.34%
- 5Y*
- 13.38%
- 10Y*
- —
- ALL TIME*
- 19.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.09M | $5.62M | $5.72M | |
| $4.32M | $7.48M | $7.46M |
QQH vs. IETC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQH HCM Defender 100 Index ETF | 3.46% | 15.66% | 33.64% | 48.05% | -39.60% | 37.52% | 41.71% | 15.09% |
IETC iShares U.S. Tech Independence Focused ETF | 1.45% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 12.63% |
Correlation
The correlation between QQH and IETC is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.90 |
The correlation between QQH and IETC has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
QQH vs. IETC — Risk / Return Rank
QQH
IETC
QQH vs. IETC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) and iShares U.S. Tech Independence Focused ETF (IETC). 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.
| QQH | IETC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.26 | +0.65 |
| Martin ratioReturn relative to average drawdown | 2.19 | 0.62 | +1.58 |
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Drawdowns
QQH vs. IETC - Drawdown Comparison
The maximum QQH drawdown since its inception was -41.87%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for QQH and IETC.
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Drawdown Indicators
| QQH | IETC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -38.48% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -21.19% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -25.17% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -41.87% | -38.48% | -3.39% |
Current DrawdownCurrent decline from peak | -10.37% | -12.92% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -8.19% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 8.78% | -2.10% |
Volatility
QQH vs. IETC - Volatility Comparison
HCM Defender 100 Index ETF (QQH) and iShares U.S. Tech Independence Focused ETF (IETC) have volatilities of 8.39% and 8.00%, 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
| QQH | IETC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 8.00% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.31% | 19.55% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 24.08% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 25.09% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 25.51% | -0.45% |
QQH vs. IETC - Expense Ratio Comparison
QQH has a 1.14% expense ratio, which is higher than IETC's 0.18% expense ratio.
Dividends
QQH vs. IETC - Dividend Comparison
QQH's dividend yield for the trailing twelve months is around 0.20%, less than IETC's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.41% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
QQH HCM Defender 100 Index ETF | 0.20% | 0.21% | 0.24% | 0.27% | 0.00% | 0.00% | 0.00% | 0.21% | 0.00% |
Frequently Asked Questions
QQH and IETC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQH has higher volatility (8.39%) compared to IETC (8.00%). In terms of maximum drawdown, QQH dropped -41.87% vs IETC's -38.48%.
On 5-year performance, IETC leads with 13.38% vs 10.11% for QQH. On fees, IETC is cheaper at 0.18% per year. On volatility, IETC has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IETC has performed better with a 13.38% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IETC is cheaper with a 0.18% expense ratio, compared with 1.14% for QQH.
IETC has the higher dividend yield at 0.41%, compared with 0.20% for QQH.
They also come from different issuers: Howard Capital Management and iShares. Their fees differ too: 1.14% for QQH and 0.18% for IETC.
QQH currently has the higher Sharpe Ratio (0.60 vs 0.23), 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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