QQQM vs. FLOT
QQQM (Invesco NASDAQ 100 ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 5 years, QQQM returned 17.06%/yr vs 4.20%/yr for FLOT. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
QQQM vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, QQQM achieves a 16.72% return, which is significantly higher than FLOT's 1.87% return.
QQQM
- 1D
- 1.54%
- 1M
- 0.68%
- YTD
- 16.72%
- 6M
- 15.00%
- 1Y
- 35.86%
- 3Y*
- 27.25%
- 5Y*
- 17.06%
- 10Y*
- —
FLOT
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 1.87%
- 6M
- 2.15%
- 1Y
- 4.85%
- 3Y*
- 5.60%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
QQQM vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 16.72% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
FLOT iShares Floating Rate Bond ETF | 1.87% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.13% |
Correlation
The correlation between QQQM and FLOT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.25 |
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Return for Risk
QQQM vs. FLOT — Risk / Return Rank
QQQM
FLOT
QQQM vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and iShares Floating Rate Bond ETF (FLOT). 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.
| QQQM | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.38 | ||
| Sortino ratioReturn per unit of downside risk | -9.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 3.22 | -1.84 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 11.27 | -8.26 |
| Martin ratioReturn relative to average drawdown | 11.44 | 104.83 | -93.39 |
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
| QQQM | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 6.54 | -4.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 2.38 | -1.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.66 | +0.14 |
Drawdowns
QQQM vs. FLOT - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for QQQM and FLOT.
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Drawdown Indicators
| QQQM | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -13.54% | -21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -0.43% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -1.57% | -21.13% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -2.36% | -32.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -4.04% | -0.02% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -0.21% | -8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 0.05% | +3.09% |
Volatility
QQQM vs. FLOT - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 6.83% compared to iShares Floating Rate Bond ETF (FLOT) at 0.20%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQM | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 0.20% | +6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 0.62% | +12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 0.75% | +15.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 1.77% | +20.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 4.15% | +18.05% |
QQQM vs. FLOT - Expense Ratio Comparison
Both QQQM and FLOT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
QQQM vs. FLOT - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.43%, less than FLOT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.54% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
QQQM Invesco NASDAQ 100 ETF | 0.43% | 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
QQQM and FLOT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (6.83%) compared to FLOT (0.20%). In terms of maximum drawdown, QQQM dropped -35.04% vs FLOT's -13.54%.
On 5-year performance, QQQM leads with 17.06% vs 4.20% for FLOT. Both ETFs have the same 0.15% expense ratio. On volatility, FLOT has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 17.06% return vs 4.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM and FLOT have the same expense ratio: 0.15% per year.
FLOT has the higher dividend yield at 4.54%, compared with 0.43% for QQQM.
QQQM is categorized as Nasdaq-100, while FLOT is Ultrashort Bond. QQQM tracks NASDAQ-100 Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: Invesco and iShares.
FLOT currently has the higher Sharpe Ratio (6.54 vs 2.16), 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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