SHOC vs. QQQM

Last updated Jun 5, 2026

SHOC (Strive U.S. Semiconductor ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, SHOC returned 53.23%/yr vs 28.64%/yr for QQQM. Their correlation of 0.86 suggests significant overlap in exposure. SHOC charges 0.40%/yr vs 0.15%/yr for QQQM.

Performance

SHOC vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 69.49% return, which is significantly higher than QQQM's 20.73% return.

SHOC

• 1D: -2.24%
• 1M: 18.27%
• YTD: 69.49%
• 6M: 67.38%
• 1Y: 141.70%
• 3Y*: 53.23%
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -0.54%
• 1M: 8.67%
• YTD: 20.73%
• 6M: 19.22%
• 1Y: 40.83%
• 3Y*: 28.64%
• 5Y*: 17.94%
• 10Y*: —

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

SHOC vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	69.49%	49.91%	16.74%	61.97%	-1.17%
QQQM Invesco NASDAQ 100 ETF	20.73%	20.85%	25.68%	55.01%	-4.63%

Correlation

The correlation between SHOC and QQQM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022	0.86

The correlation between SHOC and QQQM has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

SHOC vs. QQQM - Sectors Allocation Comparison

Sectors	SHOC	QQQM
Technology	100.0%	53.8%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

SHOC vs. QQQM — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 95
SHOC Sharpe Ratio Rank: 97
SHOC Sortino Ratio Rank: 93
SHOC Omega Ratio Rank: 93
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 96

QQQM

QQQM Risk / Return Rank: 75
QQQM Sharpe Ratio Rank: 81
QQQM Sortino Ratio Rank: 76
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 70
QQQM Martin Ratio Rank: 71

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.

SHOC vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	4.52	2.58	+1.94
Sortino ratio: Return per unit of downside risk	4.65	3.38	+1.27
Omega ratio: Gain probability vs. loss probability	1.63	1.44	+0.19
Calmar ratio: Return relative to maximum drawdown	9.77	3.43	+6.34
Martin ratio: Return relative to average drawdown	36.29	13.15	+23.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHOC vs. QQQM - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 4.52, which is higher than the QQQM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of SHOC 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

	SHOC	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.52	2.58	+1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.84	+0.68

Drawdowns

SHOC vs. QQQM - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SHOC and QQQM.

Drawdown Indicators

	SHOC	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-35.04%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-11.96%	-2.63%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-22.70%	-14.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-2.24%	-0.75%	-1.49%
Average Drawdown Average peak-to-trough decline	-7.46%	-8.24%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	3.11%	+0.81%

Volatility

SHOC vs. QQQM - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 11.67% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.51%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOC	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.67%	4.51%	+7.16%
Volatility (6M) Calculated over the trailing 6-month period	24.73%	12.06%	+12.67%
Volatility (1Y) Calculated over the trailing 1-year period	31.56%	15.91%	+15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.17%	22.23%	+12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.17%	22.11%	+13.06%

SHOC vs. QQQM - Expense Ratio Comparison

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

Dividends

SHOC vs. QQQM - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, less than QQQM's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.42%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHOC and QQQM in my portfolio?

SHOC and QQQM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHOC or QQQM?

SHOC has higher volatility (11.67%) compared to QQQM (4.51%). In terms of maximum drawdown, SHOC dropped -37.54% vs QQQM's -35.04%.

Which ETF is better, SHOC or QQQM?

On 3-year performance, SHOC leads with 53.23% vs 28.64% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or QQQM?

Over the 3-year period, SHOC has performed better with a 53.23% return vs 28.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or QQQM?

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

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

QQQM has the higher dividend yield at 0.42%, compared with 0.14% for SHOC.

What is the main difference between SHOC and QQQM?

SHOC is categorized as Semiconductors, while QQQM is Nasdaq-100. SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.40% for SHOC and 0.15% for QQQM.

Which has better risk-adjusted returns?

SHOC currently has the higher Sharpe Ratio (4.52 vs 2.58), 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.