QQQM vs. COLO

Last updated Jun 16, 2026

QQQM (Invesco NASDAQ 100 ETF) and COLO (Global X MSCI Colombia ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index. Both are passively managed. Over the past 5 years, QQQM returned 17.66%/yr vs 17.04%/yr for COLO. At a 0.32 correlation, their price movements are largely independent. QQQM charges 0.15%/yr vs 0.62%/yr for COLO.

Performance

QQQM vs. COLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQM achieves a 21.25% return, which is significantly lower than COLO's 24.92% return.

QQQM

• 1D: 3.11%
• 1M: 4.92%
• YTD: 21.25%
• 6M: 22.16%
• 1Y: 41.92%
• 3Y*: 27.28%
• 5Y*: 17.66%
• 10Y*: —

COLO

• 1D: 1.30%
• 1M: 23.53%
• YTD: 24.92%
• 6M: 24.58%
• 1Y: 63.49%
• 3Y*: 35.46%
• 5Y*: 17.04%
• 10Y*: 7.13%

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

QQQM vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	21.25%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%
COLO Global X MSCI Colombia ETF	24.92%	68.88%	4.68%	24.92%	-21.32%	-11.50%	36.63%

Correlation

The correlation between QQQM and COLO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.32

QQQM vs. COLO - Sectors Allocation Comparison

Sectors	QQQM	COLO
Technology	58.7%	-
Communication Services	14.3%	3.5%
Consumer Cyclical	11.4%	1.6%
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.6%	2.5%
Utilities	1.2%	17.5%
Basic Materials	1.0%	18.5%
Energy	0.5%	17.1%
Financial Services	0.2%	39.3%
Real Estate	0.1%	-

Return for Risk

QQQM vs. COLO — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 80
QQQM Sharpe Ratio Rank: 85
QQQM Sortino Ratio Rank: 79
QQQM Omega Ratio Rank: 81
QQQM Calmar Ratio Rank: 76
QQQM Martin Ratio Rank: 76

COLO

COLO Risk / Return Rank: 79
COLO Sharpe Ratio Rank: 89
COLO Sortino Ratio Rank: 88
COLO Omega Ratio Rank: 85
COLO Calmar Ratio Rank: 75
COLO Martin Ratio Rank: 58

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.

QQQM vs. COLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Global X MSCI Colombia ETF (COLO). 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.

	QQQM	COLO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.77	-0.34
Sortino ratio: Return per unit of downside risk	3.13	3.68	-0.55
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	3.52	3.59	-0.07
Martin ratio: Return relative to average drawdown	13.11	9.71	+3.41

QQQM vs. COLO - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.43, which is comparable to the COLO Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of QQQM and COLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQM vs. COLO - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum COLO drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for QQQM and COLO.

Drawdown Indicators

	QQQM	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-78.91%	+43.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-17.79%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-18.35%	-4.35%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-43.86%	+8.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.75%	—
Current Drawdown Current decline from peak	-0.32%	-15.20%	+14.88%
Average Drawdown Average peak-to-trough decline	-8.22%	-40.28%	+32.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	6.56%	-3.36%

Volatility

QQQM vs. COLO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 8.01%, while Global X MSCI Colombia ETF (COLO) has a volatility of 11.44%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQM	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	11.44%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	20.36%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	23.09%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	23.37%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	25.47%	-3.22%

QQQM vs. COLO - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than COLO's 0.62% expense ratio.

Dividends

QQQM vs. COLO - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, less than COLO's 6.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.01%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQM and COLO in my portfolio?

QQQM and COLO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQM or COLO?

COLO has higher volatility (11.44%) compared to QQQM (8.01%). In terms of maximum drawdown, QQQM dropped -35.04% vs COLO's -78.91%.

Which ETF is better, QQQM or COLO?

On 5-year performance, QQQM leads with 17.66% vs 17.04% for COLO. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 8.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or COLO?

Over the 5-year period, QQQM has performed better with a 17.66% return vs 17.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or COLO?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.62% for COLO.

Which ETF pays a higher dividend yield, QQQM or COLO?

COLO has the higher dividend yield at 6.01%, compared with 0.41% for QQQM.

What is the main difference between QQQM and COLO?

QQQM is categorized as Nasdaq-100, while COLO is Latin America Equities. QQQM tracks NASDAQ-100 Index, while COLO tracks MSCI All Colombia Select 25/50 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.15% for QQQM and 0.62% for COLO.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.77 vs 2.43), 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.