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QQQM vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQM vs. SWVXX

Last updated Jun 16, 2026

QQQM (Invesco NASDAQ 100 ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SWVXX is a Money Market fund actively managed by Charles Schwab. QQQM is passively managed, while SWVXX is actively managed. Over the past 5 years, QQQM returned 17.66%/yr vs 3.14%/yr for SWVXX. At a 0.00 correlation, their price movements are largely independent. QQQM charges 0.15%/yr vs 0.34%/yr for SWVXX.

Performance

QQQM vs. SWVXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQQM achieves a 21.25% return, which is significantly higher than SWVXX's 1.45% return.

QQQM

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

SWVXX

1D
0.00%
1M
0.29%
YTD
1.45%
6M
1.77%
1Y
3.85%
3Y*
4.71%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQM vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQQM
Invesco NASDAQ 100 ETF		21.25%20.85%25.68%55.01%-32.52%20.10%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.45%4.15%5.16%5.04%0.00%0.00%

Correlation

The correlation between QQQM and SWVXX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.00

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco NASDAQ 100 ETF

Schwab Prime Advantage Money Fund Investor Shares

Often compared with QQQM:
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Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

QQQM vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQM
QQQM Risk / Return Rank: 8080
Overall Rank
QQQM Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7979
Sortino Ratio Rank
QQQM Omega Ratio Rank: 8181
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7676
Calmar Ratio Rank
QQQM Martin Ratio Rank: 7676
Martin Ratio Rank
SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SWVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and Schwab Prime Advantage Money Fund Investor Shares (SWVXX). 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.

QQQMSWVXXDifference
Sharpe ratioReturn per unit of total volatility
2.43
3.71

-1.28

Sortino ratioReturn per unit of downside risk
3.13

—

—

Omega ratioGain probability vs. loss probability

1.43

—

—

Calmar ratioReturn relative to maximum drawdown

3.52

—

—

Martin ratioReturn relative to average drawdown

13.11

—

—

QQQM vs. SWVXX - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.43, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of QQQM and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQM vs. SWVXX - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QQQM and SWVXX.

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Drawdown Indicators

QQQMSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-35.04%

0.00%

-35.04%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

0.00%

-11.96%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

0.00%

-22.70%

Max Drawdown (5Y)

Largest decline over 5 years

-35.04%

0.00%

-35.04%

Current Drawdown

Current decline from peak

-0.32%

0.00%

-0.32%

Average Drawdown

Average peak-to-trough decline

-8.22%

0.00%

-8.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

0.00%

+3.20%

Volatility

QQQM vs. SWVXX - Volatility Comparison

Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 8.01% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQMSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.01%

0.29%

+7.72%

Volatility (6M)

Calculated over the trailing 6-month period

14.01%

0.76%

+13.25%

Volatility (1Y)

Calculated over the trailing 1-year period

17.35%

1.10%

+16.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.45%

1.09%

+21.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.25%

1.09%

+21.16%

QQQM vs. SWVXX - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

QQQM vs. SWVXX - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, less than SWVXX's 3.77% yield.

PositionTTM202520242023202220212020
QQQM
Invesco NASDAQ 100 ETF		0.41%0.50%0.61%0.65%0.83%0.40%0.16%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.77%4.06%5.02%4.91%0.00%0.00%0.00%

Frequently Asked Questions

QQQM and SWVXX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQM has higher volatility (8.01%) compared to SWVXX (0.29%). In terms of maximum drawdown, QQQM dropped -35.04% vs SWVXX's 0.00%.

SWVXX currently has the higher Sharpe Ratio (3.71 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.

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