QQLV vs. QBIG

Last updated Jun 4, 2026

QQLV (Invesco QQQ Low Volatility ETF) and QBIG (Invesco Top QQQ ETF) are both Large Cap Blend Equities funds from Invesco. QQLV is passively managed, while QBIG is actively managed. Over the past year, QQLV returned -1.95% vs 35.93% for QBIG. At a 0.11 correlation, their price movements are largely independent. QQLV charges 0.25%/yr vs 0.29%/yr for QBIG.

Performance

QQLV vs. QBIG - Performance Comparison

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

Returns By Period

In the year-to-date period, QQLV achieves a 1.94% return, which is significantly lower than QBIG's 8.80% return.

QQLV

• 1D: -0.03%
• 1M: -0.15%
• YTD: 1.94%
• 6M: 1.06%
• 1Y: -1.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBIG

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

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

QQLV vs. QBIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQLV Invesco QQQ Low Volatility ETF	1.94%	4.19%	-5.60%
QBIG Invesco Top QQQ ETF	8.80%	21.46%	3.04%

Correlation

The correlation between QQLV and QBIG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.11

Return for Risk

QQLV vs. QBIG — Risk / Return Rank

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

QQLV

QQLV Risk / Return Rank: 6
QQLV Sharpe Ratio Rank: 7
QQLV Sortino Ratio Rank: 6
QQLV Omega Ratio Rank: 6
QQLV Calmar Ratio Rank: 6
QQLV Martin Ratio Rank: 6

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

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.

QQLV vs. QBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) and Invesco Top QQQ ETF (QBIG). 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.

	QQLV	QBIG	Difference
Sharpe ratio Return per unit of total volatility	-0.19	1.86	-2.05
Sortino ratio Return per unit of downside risk	-0.20	2.48	-2.68
Omega ratio Gain probability vs. loss probability	0.98	1.31	-0.34
Calmar ratio Return relative to maximum drawdown	-0.27	1.83	-2.10
Martin ratio Return relative to average drawdown	-0.52	5.73	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQLV vs. QBIG - Sharpe Ratio Comparison

The current QQLV Sharpe Ratio is -0.19, which is lower than the QBIG Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of QQLV and QBIG, 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

	QQLV	QBIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	1.86	-2.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.85	-0.84

Drawdowns

QQLV vs. QBIG - Drawdown Comparison

The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum QBIG drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for QQLV and QBIG.

Drawdown Indicators

	QQLV	QBIG	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-30.33%	+20.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-19.70%	+12.35%
Current Drawdown Current decline from peak	-3.61%	-3.34%	-0.27%
Average Drawdown Average peak-to-trough decline	-3.19%	-7.02%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	6.29%	-2.56%

Volatility

QQLV vs. QBIG - Volatility Comparison

The current volatility for Invesco QQQ Low Volatility ETF (QQLV) is 2.66%, while Invesco Top QQQ ETF (QBIG) has a volatility of 5.32%. This indicates that QQLV experiences smaller price fluctuations and is considered to be less risky than QBIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQLV	QBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	5.32%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	7.05%	14.64%	-7.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	19.43%	-9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	27.32%	-14.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.70%	27.32%	-14.62%

QQLV vs. QBIG - Expense Ratio Comparison

QQLV has a 0.25% expense ratio, which is lower than QBIG's 0.29% expense ratio.

Dividends

QQLV vs. QBIG - Dividend Comparison

QQLV's dividend yield for the trailing twelve months is around 2.06%, while QBIG has not paid dividends to shareholders.

Position	TTM	2025
QBIG Invesco Top QQQ ETF	0.00%	0.00%
QQLV Invesco QQQ Low Volatility ETF	2.06%	1.84%

Frequently Asked Questions

Can I hold both QQLV and QBIG in my portfolio?

QQLV and QBIG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQLV or QBIG?

QBIG has higher volatility (5.32%) compared to QQLV (2.66%). In terms of maximum drawdown, QQLV dropped -9.54% vs QBIG's -30.33%.

Which ETF is better, QQLV or QBIG?

On 1-year performance, QBIG leads with 35.93% vs -1.95% for QQLV. On fees, QQLV is cheaper at 0.25% per year. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQLV or QBIG?

Over the 1-year period, QBIG has performed better with a 35.93% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQLV or QBIG?

QQLV is cheaper with a 0.25% expense ratio, compared with 0.29% for QBIG.

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

QQLV has the higher dividend yield at 2.06%, compared with 0.00% for QBIG.

What is the main difference between QQLV and QBIG?

Their fees differ too: 0.25% for QQLV and 0.29% for QBIG.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (1.86 vs -0.19), 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.