^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:
1.02
QQQ:
1.55
^IBEX:
1.44
QQQ:
2.08
^IBEX:
1.18
QQQ:
1.28
^IBEX:
0.35
QQQ:
2.05
^IBEX:
4.82
QQQ:
7.36
^IBEX:
2.79%
QQQ:
3.77%
^IBEX:
13.20%
QQQ:
17.93%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-27.68%
QQQ:
-2.74%
Returns By Period
In the year-to-date period, ^IBEX achieves a 14.15% return, which is significantly lower than QQQ's 28.36% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.14%, while QQQ has yielded a comparatively higher 18.45% annualized return.
^IBEX
14.15%
-0.41%
5.37%
14.33%
3.45%
1.14%
QQQ
28.36%
3.58%
9.40%
27.81%
20.40%
18.45%
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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
The current volatility for IBEX 35 Index (^IBEX) is 4.58%, while Invesco QQQ (QQQ) has a volatility of 5.61%. 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.