QQQ vs. IOO

Last updated Apr 12, 2026

QQQ (Invesco QQQ ETF) and IOO (iShares Global 100 ETF) are both exchange-traded funds — QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IOO is a Global Equities fund tracking the S&P Global 100 Index (Net). Both are passively managed. Over the past 10 years, QQQ returned 19.62%/yr vs 15.55%/yr for IOO. Their correlation of 0.81 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.40%/yr for IOO.

Performance

QQQ vs. IOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and iShares Global 100 ETF (IOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ achieves a -0.40% return, which is significantly lower than IOO's 0.66% return. Over the past 10 years, QQQ has outperformed IOO with an annualized return of 19.62%, while IOO has yielded a comparatively lower 15.55% annualized return.

QQQ

• 1D: 0.14%
• 1M: 2.44%
• YTD: -0.40%
• 6M: 3.92%
• 1Y: 35.13%
• 3Y*: 25.34%
• 5Y*: 13.31%
• 10Y*: 19.62%

IOO

• 1D: 0.33%
• 1M: 3.20%
• YTD: 0.66%
• 6M: 8.30%
• 1Y: 39.43%
• 3Y*: 23.46%
• 5Y*: 14.71%
• 10Y*: 15.55%

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

QQQ vs. IOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQ Invesco QQQ ETF	-0.40%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%
IOO iShares Global 100 ETF	0.66%	27.02%	26.54%	27.71%	-16.34%	26.03%	18.61%	30.01%	-6.22%	23.56%

Correlation

The correlation between QQQ and IOO is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 11, 2000	0.81

The correlation between QQQ and IOO shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

QQQ vs. IOO — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 61
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 57
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 64
QQQ Martin Ratio Rank: 65

IOO

IOO Risk / Return Rank: 85
IOO Sharpe Ratio Rank: 85
IOO Sortino Ratio Rank: 84
IOO Omega Ratio Rank: 83
IOO Calmar Ratio Rank: 83
IOO Martin Ratio Rank: 89

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.

QQQ vs. IOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Global 100 ETF (IOO). 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.

	QQQ	IOO	Difference
Sharpe ratio Return per unit of total volatility	2.23	3.00	-0.77
Sortino ratio Return per unit of downside risk	3.00	4.09	-1.09
Omega ratio Gain probability vs. loss probability	1.40	1.55	-0.15
Calmar ratio Return relative to maximum drawdown	3.98	5.20	-1.22
Martin ratio Return relative to average drawdown	14.88	23.68	-8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. IOO - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.23, which is comparable to the IOO Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of QQQ and IOO, 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

	QQQ	IOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	3.00	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.87	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.88	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.37	+0.01

Drawdowns

QQQ vs. IOO - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for QQQ and IOO.

Drawdown Indicators

	QQQ	IOO	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-55.85%	-27.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-9.94%	-2.02%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	-23.52%	-11.60%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-31.43%	-3.69%
Current Drawdown Current decline from peak	-3.64%	-1.79%	-1.85%
Average Drawdown Average peak-to-trough decline	-32.96%	-11.33%	-21.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.18%	+1.02%

Volatility

QQQ vs. IOO - Volatility Comparison

Invesco QQQ ETF (QQQ) and iShares Global 100 ETF (IOO) have volatilities of 6.87% and 6.67%, 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.

Volatility by Period

	QQQ	IOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	6.67%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	11.07%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	14.83%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.39%	16.99%	+5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	17.75%	+4.50%

QQQ vs. IOO - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than IOO's 0.40% expense ratio.

Dividends

QQQ vs. IOO - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.46%, less than IOO's 0.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.46%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
IOO iShares Global 100 ETF	0.91%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%