QQQ vs. OEF
QQQ (Invesco QQQ ETF) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, QQQ returned 22.31%/yr vs 16.78%/yr for OEF. Their correlation of 0.87 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.20%/yr for OEF.
Performance
QQQ vs. OEF - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 21.26% return, which is significantly higher than OEF's 8.71% return. Over the past 10 years, QQQ has outperformed OEF with an annualized return of 22.31%, while OEF has yielded a comparatively lower 16.78% annualized return.
QQQ
- 1D
- 3.14%
- 1M
- 4.95%
- YTD
- 21.26%
- 6M
- 22.17%
- 1Y
- 41.87%
- 3Y*
- 27.20%
- 5Y*
- 17.59%
- 10Y*
- 22.31%
OEF
- 1D
- 2.03%
- 1M
- 0.66%
- YTD
- 8.71%
- 6M
- 9.60%
- 1Y
- 28.24%
- 3Y*
- 23.02%
- 5Y*
- 15.42%
- 10Y*
- 16.78%
QQQ vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 21.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
OEF iShares S&P 100 ETF | 8.71% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
Correlation
The correlation between QQQ and OEF is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2000 | 0.87 |
The correlation between QQQ and OEF has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.
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Return for Risk
QQQ vs. OEF — Risk / Return Rank
QQQ
OEF
QQQ vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.57 | +0.95 |
| Martin ratioReturn relative to average drawdown | 13.12 | 10.52 | +2.60 |
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Drawdowns
QQQ vs. OEF - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than OEF's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for QQQ and OEF.
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Drawdown Indicators
| QQQ | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -54.11% | -28.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.06% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -19.80% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -26.47% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -31.44% | -3.68% |
Current DrawdownCurrent decline from peak | -0.29% | -1.67% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -11.74% | -21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.69% | +0.51% |
Volatility
QQQ vs. OEF - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 8.14% compared to iShares S&P 100 ETF (OEF) at 4.96%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 4.96% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 10.42% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 13.29% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 17.79% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 18.49% | +3.92% |
QQQ vs. OEF - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than OEF's 0.20% expense ratio. Despite the difference, 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. OEF - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.38%, less than OEF's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 1.04% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
QQQ Invesco QQQ ETF | 0.38% | 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 0.94, QQQ and OEF 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.
QQQ has higher volatility (8.14%) compared to OEF (4.96%). In terms of maximum drawdown, QQQ dropped -82.97% vs OEF's -54.11%.
On 10-year performance, QQQ leads with 22.31% vs 16.78% for OEF. On fees, QQQ is cheaper at 0.18% per year. On volatility, OEF has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 22.31% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for OEF.
OEF has the higher dividend yield at 1.04%, compared with 0.38% for QQQ.
QQQ is categorized as Nasdaq-100, while OEF is Large Cap Blend Equities. QQQ tracks NASDAQ-100 Index, while OEF tracks S&P 100 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.20% for OEF.
QQQ currently has the higher Sharpe Ratio (2.42 vs 2.14), 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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