RYJ vs. QQQM

Last updated Jun 3, 2026

RYJ (Invesco Raymond James SB-1 Equity ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - RYJ is a Mid Cap Blend Equities fund tracking the Raymond James SB-1 Equity Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, RYJ returned 7.34%/yr vs 18.52%/yr for QQQM. A 0.64 correlation means they provide meaningful diversification when combined. RYJ charges 0.40%/yr vs 0.15%/yr for QQQM.

Performance

RYJ vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Raymond James SB-1 Equity ETF (RYJ) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYJ achieves a 11.22% return, which is significantly lower than QQQM's 21.64% return.

RYJ

• 1D: 0.34%
• 1M: 6.49%
• YTD: 11.22%
• 6M: 12.45%
• 1Y: 18.81%
• 3Y*: 15.52%
• 5Y*: 7.34%
• 10Y*: 10.38%

QQQM

• 1D: 0.46%
• 1M: 10.70%
• YTD: 21.64%
• 6M: 20.29%
• 1Y: 43.37%
• 3Y*: 28.98%
• 5Y*: 18.52%
• 10Y*: —

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

RYJ vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RYJ Invesco Raymond James SB-1 Equity ETF	11.22%	8.89%	13.28%	15.65%	-13.17%	24.09%	18.92%
QQQM Invesco NASDAQ 100 ETF	21.64%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Correlation

The correlation between RYJ and QQQM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.64

The correlation between RYJ and QQQM shifts across timeframes, from 0.53 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

RYJ vs. QQQM - Sectors Allocation Comparison

Sectors	RYJ	QQQM
Consumer Defensive	23.3%	7.7%
Industrials	20.7%	2.8%
Utilities	12.5%	1.4%
Consumer Cyclical	12.2%	12.3%
Technology	9.8%	53.8%
Communication Services	7.7%	15.8%
Healthcare	5.8%	4.2%
Energy	4.1%	0.6%
Basic Materials	4.0%	1.1%
Financial Services	-	0.2%
Real Estate	-	0.1%

Return for Risk

RYJ vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYJ

RYJ Risk / Return Rank: 38
RYJ Sharpe Ratio Rank: 38
RYJ Sortino Ratio Rank: 41
RYJ Omega Ratio Rank: 35
RYJ Calmar Ratio Rank: 37
RYJ Martin Ratio Rank: 40

QQQM

QQQM Risk / Return Rank: 77
QQQM Sharpe Ratio Rank: 83
QQQM Sortino Ratio Rank: 78
QQQM Omega Ratio Rank: 78
QQQM Calmar Ratio Rank: 73
QQQM Martin Ratio Rank: 74

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.

RYJ vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Raymond James SB-1 Equity ETF (RYJ) and Invesco NASDAQ 100 ETF (QQQM). 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.

	RYJ	QQQM	Difference
Sharpe ratio Return per unit of total volatility	1.39	2.74	-1.35
Sortino ratio Return per unit of downside risk	2.11	3.56	-1.44
Omega ratio Gain probability vs. loss probability	1.24	1.47	-0.23
Calmar ratio Return relative to maximum drawdown	1.88	3.72	-1.84
Martin ratio Return relative to average drawdown	6.46	14.29	-7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYJ vs. QQQM - Sharpe Ratio Comparison

The current RYJ Sharpe Ratio is 1.39, which is lower than the QQQM Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of RYJ and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYJ	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.74	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.84	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.85	-0.51

Drawdowns

RYJ vs. QQQM - Drawdown Comparison

The maximum RYJ drawdown since its inception was -60.74%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for RYJ and QQQM.

Drawdown Indicators

	RYJ	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-60.74%	-35.04%	-25.70%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	-11.96%	+1.95%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-22.70%	+5.80%
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	-35.04%	+10.73%
Max Drawdown (10Y) Largest decline over 10 years	-50.20%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.27%	-8.26%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	3.11%	-0.19%

Volatility

RYJ vs. QQQM - Volatility Comparison

Invesco Raymond James SB-1 Equity ETF (RYJ) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.56% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYJ	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	4.47%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	12.06%	-2.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	15.92%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	22.24%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	22.13%	-0.48%

RYJ vs. QQQM - Expense Ratio Comparison

RYJ has a 0.40% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

RYJ vs. QQQM - Dividend Comparison

RYJ's dividend yield for the trailing twelve months is around 1.57%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RYJ Invesco Raymond James SB-1 Equity ETF	1.57%	1.75%	1.28%	1.39%	0.72%	0.52%	0.28%	0.20%	1.43%	0.00%	1.55%	0.93%

Frequently Asked Questions

Can I hold both RYJ and QQQM in my portfolio?

RYJ and QQQM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYJ or QQQM?

RYJ has higher volatility (4.56%) compared to QQQM (4.47%). In terms of maximum drawdown, RYJ dropped -60.74% vs QQQM's -35.04%.

Which ETF is better, RYJ or QQQM?

On 5-year performance, QQQM leads with 18.52% vs 7.34% for RYJ. On fees, QQQM is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYJ or QQQM?

Over the 5-year period, QQQM has performed better with a 18.52% return vs 7.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYJ or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.40% for RYJ.

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

RYJ has the higher dividend yield at 1.57%, compared with 0.41% for QQQM.

What is the main difference between RYJ and QQQM?

RYJ is categorized as Mid Cap Blend Equities, while QQQM is Nasdaq-100. RYJ tracks Raymond James SB-1 Equity Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.40% for RYJ and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.74 vs 1.39), 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.