QQQM vs. IYW
QQQM (Invesco NASDAQ 100 ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 5 years, QQQM returned 16.94%/yr vs 21.19%/yr for IYW. With a 0.98 correlation, they move nearly in lockstep. QQQM charges 0.15%/yr vs 0.38%/yr for IYW.
Performance
QQQM vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, QQQM achieves a 17.59% return, which is significantly lower than IYW's 22.66% return.
QQQM
- 1D
- 0.67%
- 1M
- 0.97%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 35.90%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
IYW
- 1D
- 0.61%
- 1M
- 1.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 47.94%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
QQQM vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 6.17% |
Correlation
The correlation between QQQM and IYW is 0.95 - 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 | 0.95 |
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 IYW has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
QQQM vs. IYW — Risk / Return Rank
QQQM
IYW
QQQM vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.70 | +0.31 |
| Martin ratioReturn relative to average drawdown | 11.23 | 8.68 | +2.55 |
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Drawdowns
QQQM vs. IYW - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for QQQM and IYW.
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Drawdown Indicators
| QQQM | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -81.90% | +46.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -17.81% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -26.47% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -39.44% | +4.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -3.33% | -5.81% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -34.62% | +26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 5.54% | -2.33% |
Volatility
QQQM vs. IYW - Volatility Comparison
The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 7.45%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQM | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 9.41% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 17.67% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 21.47% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 26.07% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 25.20% | -2.98% |
QQQM vs. IYW - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
QQQM vs. IYW - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.43%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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
With a correlation of 0.95, QQQM and IYW 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.
IYW has higher volatility (9.41%) compared to QQQM (7.45%). In terms of maximum drawdown, QQQM dropped -35.04% vs IYW's -81.90%.
On 5-year performance, IYW leads with 21.19% vs 16.94% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 21.19% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.38% for IYW.
QQQM has the higher dividend yield at 0.43%, compared with 0.11% for IYW.
QQQM is categorized as Nasdaq-100, while IYW is Technology Equities. QQQM tracks NASDAQ-100 Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for QQQM and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.24 vs 2.11), 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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