QQQM vs. IGM

Last updated Jun 16, 2026

QQQM (Invesco NASDAQ 100 ETF) and IGM (iShares Expanded Tech Sector ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Both are passively managed. Over the past 5 years, QQQM returned 17.66%/yr vs 20.96%/yr for IGM. With a 0.98 correlation, they move nearly in lockstep. QQQM charges 0.15%/yr vs 0.39%/yr for IGM.

Performance

QQQM vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and iShares Expanded Tech Sector ETF (IGM). 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 IGM's 27.92% return.

QQQM

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

IGM

• 1D: 3.64%
• 1M: 7.10%
• YTD: 27.92%
• 6M: 29.29%
• 1Y: 56.16%
• 3Y*: 36.48%
• 5Y*: 20.96%
• 10Y*: 25.12%

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

QQQM vs. IGM - 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%
IGM iShares Expanded Tech Sector ETF	27.92%	26.76%	36.99%	60.68%	-35.83%	25.72%	6.37%

Correlation

The correlation between QQQM and IGM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.98

The correlation between QQQM and IGM has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

QQQM vs. IGM - Sectors Allocation Comparison

Sectors	QQQM	IGM
Technology	58.7%	85.2%
Communication Services	14.3%	13.9%
Consumer Cyclical	11.4%	0.0%
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.6%	0.3%
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	0.2%
Financial Services	0.2%	0.3%
Real Estate	0.1%	-

Return for Risk

QQQM vs. IGM — 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

IGM

IGM Risk / Return Rank: 78
IGM Sharpe Ratio Rank: 87
IGM Sortino Ratio Rank: 79
IGM Omega Ratio Rank: 80
IGM Calmar Ratio Rank: 74
IGM Martin Ratio Rank: 70

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. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and iShares Expanded Tech Sector ETF (IGM). 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	IGM	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.54	-0.11
Sortino ratio: Return per unit of downside risk	3.13	3.13	0.00
Omega ratio: Gain probability vs. loss probability	1.43	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.52	3.43	+0.09
Martin ratio: Return relative to average drawdown	13.11	11.62	+1.49

QQQM vs. IGM - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.43, which is comparable to the IGM Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of QQQM and IGM, 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. IGM - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for QQQM and IGM.

Drawdown Indicators

	QQQM	IGM	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-65.59%	+30.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-16.44%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-26.39%	+3.69%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-40.68%	+5.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.68%	—
Current Drawdown Current decline from peak	-0.32%	-3.41%	+3.09%
Average Drawdown Average peak-to-trough decline	-8.22%	-15.22%	+7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	4.85%	-1.65%

Volatility

QQQM vs. IGM - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 8.01%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 10.54%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQM	IGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	10.54%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	18.42%	-4.41%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	22.24%	-4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	25.97%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	24.70%	-2.45%

QQQM vs. IGM - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than IGM's 0.39% expense ratio.

Dividends

QQQM vs. IGM - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, more than IGM's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.17%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
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 IGM in my portfolio?

With a correlation of 0.96, QQQM and IGM 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.

Which is riskier, QQQM or IGM?

IGM has higher volatility (10.54%) compared to QQQM (8.01%). In terms of maximum drawdown, QQQM dropped -35.04% vs IGM's -65.59%.

Which ETF is better, QQQM or IGM?

On 5-year performance, IGM leads with 20.96% vs 17.66% for QQQM. 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 IGM?

Over the 5-year period, IGM has performed better with a 20.96% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or IGM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.39% for IGM.

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

QQQM has the higher dividend yield at 0.41%, compared with 0.17% for IGM.

What is the main difference between QQQM and IGM?

QQQM is categorized as Nasdaq-100, while IGM is Technology Equities. QQQM tracks NASDAQ-100 Index, while IGM tracks S&P North American Expanded Technology Sector Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for QQQM and 0.39% for IGM.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.54 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.