QQMG vs. IYW
QQMG (Invesco ESG NASDAQ 100 ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 3 years, QQMG returned 29.47%/yr vs 35.17%/yr for IYW. With a 0.98 correlation, they move nearly in lockstep. QQMG charges 0.20%/yr vs 0.38%/yr for IYW.
Performance
QQMG vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, QQMG achieves a 21.45% return, which is significantly lower than IYW's 28.46% return.
QQMG
- 1D
- -0.34%
- 1M
- 9.97%
- YTD
- 21.45%
- 6M
- 20.28%
- 1Y
- 43.12%
- 3Y*
- 29.47%
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -0.44%
- 1M
- 13.87%
- YTD
- 28.46%
- 6M
- 27.22%
- 1Y
- 58.25%
- 3Y*
- 35.17%
- 5Y*
- 22.76%
- 10Y*
- 26.00%
QQMG vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 21.45% | 22.16% | 25.66% | 55.00% | -31.56% | 5.01% |
IYW iShares U.S. Technology ETF | 28.46% | 25.38% | 30.25% | 65.44% | -34.83% | 4.94% |
Correlation
The correlation between QQMG and IYW is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.98 |
The correlation between QQMG and IYW has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
QQMG vs. IYW — Risk / Return Rank
QQMG
IYW
QQMG vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and iShares U.S. Technology ETF (IYW). 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.
| QQMG | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.29 | +0.13 |
| Martin ratioReturn relative to average drawdown | 12.72 | 10.76 | +1.96 |
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
| QQMG | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.92 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.35 | +0.38 |
Drawdowns
QQMG vs. IYW - Drawdown Comparison
The maximum QQMG drawdown since its inception was -35.43%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for QQMG and IYW.
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Drawdown Indicators
| QQMG | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -81.90% | +46.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -17.81% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -26.47% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.35% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -34.65% | +25.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 5.43% | -2.03% |
Volatility
QQMG vs. IYW - Volatility Comparison
The current volatility for Invesco ESG NASDAQ 100 ETF (QQMG) is 4.80%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.28%. This indicates that QQMG experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQMG | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.28% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 15.84% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 20.07% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 25.86% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 25.09% | -1.50% |
QQMG vs. IYW - Expense Ratio Comparison
QQMG has a 0.20% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
QQMG vs. IYW - Dividend Comparison
QQMG's dividend yield for the trailing twelve months is around 0.34%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
QQMG Invesco ESG NASDAQ 100 ETF | 0.34% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, QQMG and IYW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IYW has higher volatility (6.28%) compared to QQMG (4.80%). In terms of maximum drawdown, QQMG dropped -35.43% vs IYW's -81.90%.
On 3-year performance, IYW leads with 35.17% vs 29.47% for QQMG. On fees, QQMG is cheaper at 0.20% per year. On volatility, QQMG has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYW has performed better with a 35.17% return vs 29.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQMG is cheaper with a 0.20% expense ratio, compared with 0.38% for IYW.
QQMG has the higher dividend yield at 0.34%, compared with 0.11% for IYW.
QQMG is categorized as Nasdaq-100, while IYW is Technology Equities. QQMG tracks Nasdaq-100 ESG Total Return Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQMG and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.92 vs 2.58), 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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