^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.
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.
Performance
^IBEX vs. QQQ - Performance Comparison
Key characteristics
^IBEX:
2.21
QQQ:
1.30
^IBEX:
2.93
QQQ:
1.78
^IBEX:
1.38
QQQ:
1.24
^IBEX:
0.80
QQQ:
1.76
^IBEX:
10.71
QQQ:
6.08
^IBEX:
2.75%
QQQ:
3.92%
^IBEX:
13.25%
QQQ:
18.35%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-18.77%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ^IBEX achieves a 11.70% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.56%, while QQQ has yielded a comparatively higher 18.06% annualized return.
^IBEX
11.70%
9.00%
14.84%
27.75%
5.44%
1.56%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
^IBEX vs. QQQ — Risk-Adjusted Performance Rank
^IBEX
QQQ
^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
The current volatility for IBEX 35 Index (^IBEX) is 4.50%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that ^IBEX 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.