TOK vs. QQQ
Compare and contrast key facts about iShares MSCI Kokusai ETF (TOK) and Invesco QQQ ETF (QQQ).
TOK and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOK is a passively managed fund by iShares that tracks the performance of the MSCI Kokusai Index. It was launched on Dec 10, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both TOK and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TOK vs. QQQ - Performance Comparison
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TOK vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | -3.55% | 20.83% | 19.52% | 24.76% | -17.93% | 23.84% | 15.06% | 30.05% | -7.83% | 22.09% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, TOK achieves a -3.55% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, TOK has underperformed QQQ with an annualized return of 12.42%, while QQQ has yielded a comparatively higher 18.85% annualized return.
TOK
- 1D
- 2.91%
- 1M
- -5.58%
- YTD
- -3.55%
- 6M
- -0.58%
- 1Y
- 18.61%
- 3Y*
- 16.96%
- 5Y*
- 10.59%
- 10Y*
- 12.42%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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TOK vs. QQQ - Expense Ratio Comparison
TOK has a 0.25% expense ratio, which is higher than QQQ's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TOK vs. QQQ — Risk / Return Rank
TOK
QQQ
TOK vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) and Invesco QQQ ETF (QQQ). 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.
| TOK | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.05 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.63 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.88 | -0.12 |
Martin ratioReturn relative to average drawdown | 7.84 | 6.95 | +0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOK | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.05 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.58 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.85 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.37 | +0.03 |
Correlation
The correlation between TOK and QQQ is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TOK vs. QQQ - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.42%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | 1.42% | 1.37% | 1.66% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
TOK vs. QQQ - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TOK and QQQ.
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Drawdown Indicators
| TOK | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -82.97% | +26.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -12.62% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -35.12% | +9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -34.82% | -35.12% | +0.30% |
Current DrawdownCurrent decline from peak | -6.43% | -8.98% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -32.99% | +24.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.41% | -0.99% |
Volatility
TOK vs. QQQ - Volatility Comparison
The current volatility for iShares MSCI Kokusai ETF (TOK) is 5.61%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that TOK experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOK | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 6.51% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 12.77% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 22.67% | -6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 22.39% | -6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 22.25% | -5.12% |