QTR vs. IQQ

Last updated Aug 2, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds - QTR tracks the NASDAQ-100 Quarterly Protective Put 90 Index while IQQ tracks the NASDAQ-100 Index. Both are passively managed. Their 0.96 correlation means they have historically moved very closely together. QTR charges 0.60%/yr vs 0.10%/yr for IQQ.

Performance

QTR vs. IQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Tail Risk ETF (QTR) and iShares Nasdaq 100 ETF (IQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QTR

• 1D: 0.35%
• 1M: -3.59%
• 6M: 8.37%
• YTD: 9.22%
• 1Y: 19.33%
• 3Y*: 17.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.19%

IQQ

• 1D: 0.61%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$29.72M	$37.50M	$37.50M
QTR Global X NASDAQ 100 Tail Risk ETF	$20.65K	$23.70K	$62.72K

QTR vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
QTR Global X NASDAQ 100 Tail Risk ETF	-3.25%
IQQ iShares Nasdaq 100 ETF	-4.63%

Correlation

The correlation between QTR and IQQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.96

Return for Risk

QTR vs. IQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QTR

QTR Risk / Return Rank: 40
QTR Sharpe Ratio Rank: 42
QTR Sortino Ratio Rank: 40
QTR Omega Ratio Rank: 39
QTR Calmar Ratio Rank: 40
QTR Martin Ratio Rank: 40

IQQ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QTR vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) and iShares Nasdaq 100 ETF (IQQ). 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.

	QTR	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.41	—	—
Martin ratio: Return relative to average drawdown	4.26	—	—

Drawdowns

QTR vs. IQQ - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QTR and IQQ.

Drawdown Indicators

	QTR	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-8.80%	-22.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	—	—
Current Drawdown Current decline from peak	-7.38%	-5.21%	-2.17%
Average Drawdown Average peak-to-trough decline	-8.69%	-3.69%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	—	—

Volatility

Volatility by Period

	QTR	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.64%	23.03%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	23.03%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	23.03%	-4.73%

QTR vs. IQQ - Expense Ratio Comparison

QTR has a 0.60% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

QTR vs. IQQ - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 17.10%, while IQQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	17.10%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QTR and IQQ in my portfolio?

With a correlation of 0.96, QTR and IQQ 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 ETF is better, QTR or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTR or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.60% for QTR.

Which ETF pays a higher dividend yield, QTR or IQQ?

QTR has the higher dividend yield at 17.10%, compared with 0.00% for IQQ.

What is the main difference between QTR and IQQ?

QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while IQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QTR and 0.10% for IQQ.