^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:
1.04
QQQ:
0.15
^IBEX:
1.41
QQQ:
0.38
^IBEX:
1.20
QQQ:
1.05
^IBEX:
0.51
QQQ:
0.16
^IBEX:
5.49
QQQ:
0.58
^IBEX:
3.21%
QQQ:
6.25%
^IBEX:
16.87%
QQQ:
24.88%
^IBEX:
-62.65%
QQQ:
-82.98%
^IBEX:
-18.99%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, ^IBEX achieves a 11.41% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, ^IBEX has underperformed QQQ with an annualized return of 1.25%, while QQQ has yielded a comparatively higher 16.17% annualized return.
^IBEX
11.41%
-3.27%
8.51%
21.48%
13.14%
1.25%
QQQ
-13.00%
-6.28%
-9.32%
4.93%
16.35%
16.17%
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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 12.80%, while Invesco QQQ (QQQ) has a volatility of 16.19%. 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.