QQQ vs. QQQS
Compare and contrast key facts about Invesco QQQ ETF (QQQ) and Invesco NASDAQ Future Gen 200 ETF (QQQS).
QQQ and QQQS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022. Both QQQ and QQQS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQ vs. QQQS - Performance Comparison
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QQQ vs. QQQS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | -4.65% | 20.77% | 25.58% | 54.86% | -0.71% |
QQQS Invesco NASDAQ Future Gen 200 ETF | 1.41% | 23.03% | 10.20% | -1.94% | 6.56% |
Returns By Period
In the year-to-date period, QQQ achieves a -4.65% return, which is significantly lower than QQQS's 1.41% return.
QQQ
- 1D
- 0.11%
- 1M
- -4.10%
- YTD
- -4.65%
- 6M
- -2.77%
- 1Y
- 30.43%
- 3Y*
- 22.97%
- 5Y*
- 13.18%
- 10Y*
- 19.05%
QQQS
- 1D
- 0.62%
- 1M
- -3.92%
- YTD
- 1.41%
- 6M
- 2.08%
- 1Y
- 63.47%
- 3Y*
- 9.13%
- 5Y*
- —
- 10Y*
- —
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QQQ vs. QQQS - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than QQQS'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%.
Return for Risk
QQQ vs. QQQS — Risk / Return Rank
QQQ
QQQS
QQQ vs. QQQS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Invesco NASDAQ Future Gen 200 ETF (QQQS). 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 | QQQS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.64 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.23 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.26 | -1.34 |
Martin ratioReturn relative to average drawdown | 7.00 | 11.19 | -4.19 |
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
| QQQ | QQQS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.64 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.39 | -0.01 |
Correlation
The correlation between QQQ and QQQS is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQ vs. QQQS - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.48%, less than QQQS's 3.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
QQQS Invesco NASDAQ Future Gen 200 ETF | 3.43% | 3.48% | 0.80% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQ vs. QQQS - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than QQQS's maximum drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for QQQ and QQQS.
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Drawdown Indicators
| QQQ | QQQS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -38.06% | -44.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -13.63% | +1.67% |
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 | -7.75% | -7.24% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -32.98% | -13.82% | -19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 4.82% | -1.34% |
Volatility
QQQ vs. QQQS - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 6.38%, while Invesco NASDAQ Future Gen 200 ETF (QQQS) has a volatility of 10.00%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than QQQS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | QQQS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 10.00% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 19.97% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 30.75% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 28.40% | -6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 28.40% | -6.16% |