QQQ vs. IQQ
QQQ (Invesco QQQ ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Invesco and iShares respectively. Both are passively managed. Their 0.99 correlation means they have historically moved very closely together. QQQ charges 0.18%/yr vs 0.10%/yr for IQQ.
Performance
QQQ vs. IQQ - Performance Comparison
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Returns By Period
QQQ
- 1D
- -0.90%
- 1M
- -0.76%
- 6M
- 18.69%
- YTD
- 17.04%
- 1Y
- 28.64%
- 3Y*
- 25.18%
- 5Y*
- 14.96%
- 10Y*
- 20.75%
- ALL TIME*
- 10.80%
IQQ
- 1D
- -0.90%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.00M | $35.28M | $35.28M | |
| $34.07B | $28.96B | $31.85B |
QQQ vs. IQQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QQQ Invesco QQQ ETF | 0.82% |
IQQ iShares Nasdaq 100 ETF | -0.53% |
Correlation
The correlation between QQQ and IQQ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.99 |
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Return for Risk
QQQ vs. IQQ — Risk / Return Rank
QQQ
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQ vs. IQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Nasdaq 100 ETF (IQQ). 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.
| QQQ | IQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | — | — |
| Martin ratioReturn relative to average drawdown | 7.62 | — | — |
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Drawdowns
QQQ vs. IQQ - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QQQ and IQQ.
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Drawdown Indicators
| QQQ | IQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -8.80% | -74.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -3.76% | -1.14% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -32.61% | -3.39% | -29.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | — | — |
Volatility
QQQ vs. IQQ - Volatility Comparison
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Volatility by Period
| QQQ | IQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 25.88% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 25.88% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 25.88% | -3.35% |
QQQ vs. IQQ - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is higher than IQQ's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QQQ vs. IQQ - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.42%, while IQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ iShares Nasdaq 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.42% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
With a correlation of 0.99, QQQ and IQQ 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.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.18% for QQQ.
QQQ has the higher dividend yield at 0.42%, compared with 0.00% for IQQ.
Both ETFs track NASDAQ-100 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.10% for IQQ.
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