^IBEX vs. QQQ
Compare and contrast key facts about IBEX 35 Index (^IBEX) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or QQQ.
Performance
^IBEX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ^IBEX achieves a 15.57% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.03%, while QQQ has yielded a comparatively higher 17.95% annualized return.
^IBEX
15.57%
-2.10%
2.96%
19.60%
4.73%
1.03%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| ^IBEX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.35 | 1.70 |
| Sortino Ratio | 1.87 | 2.29 |
| Omega Ratio | 1.23 | 1.31 |
| Calmar Ratio | 0.46 | 2.19 |
| Martin Ratio | 6.64 | 7.96 |
| Ulcer Index | 2.63% | 3.72% |
| Daily Std Dev | 12.89% | 17.39% |
| Max Drawdown | -62.65% | -82.98% |
| Current Drawdown | -26.78% | -3.42% |
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Correlation
The correlation between ^IBEX and QQQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
^IBEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and Invesco QQQ (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.
Drawdowns
^IBEX vs. QQQ - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^IBEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. QQQ - Volatility Comparison
IBEX 35 Index (^IBEX) has a higher volatility of 6.32% compared to Invesco QQQ (QQQ) at 5.58%. This indicates that ^IBEX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.