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ETF Comparisons

ITOT vs. QQQ

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--
vs

Invesco QQQ Trust, Series 1

QQQ
$--

Correlation

0.83

Compare with

Top 10 comparisons with ITOT:
Compare:
ITOT
Correlation
With:
QQQ
Invesco QQQ Trust, Series 1
0.83
SwitchIWVBlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF1.00SCHBSchwab Strategic Trust - Schwab U.S. Broad Market ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00SCHKSchwab Strategic Trust - Schwab 1000 Index ETF1.00VTIVanguard Group, Inc. - Vanguard Total Stock Market ETF1.00IYYBlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00DFUSDimensional ETF Trust - Dimensional U.S. Equity ETF1.00SPTMSPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00

Top 10 shared holdings

Invest with ITOT
Learn more about QQQ
ITOTiShares Core S&P Total U.S. Stock Market ETF
QQQInvesco QQQ Trust, Series 1

What is ITOT?

The iShares Core S&P Total U.S. Stock Market ETF seeks to track the investment results of S&P Total Market Index.The S&P Total Market Index (TMI) is designed to track the broad equity market, including large-, mid-, small-, and micro-cap stocks. The index includes all common equities listed on the NYSE (including NYSE Arca and NYSE MKT), the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market. The S&P 500 and the S&P Completion Index are subsets of the S&P TMI.

Snapshot
**

ITOT iShares Core S&P Total U.S. Stock Market ETF
QQQ Invesco QQQ Trust, Series 1
Inception date
Jan 20 2004
Mar 10 1999
Expense ratio
0.03%
0.20%
ITOT has a lower expense ratio than QQQ by 0.17%. This can indicate that it’s cheaper to invest in ITOT than QQQ.
Type
US Equities
US Equities
ITOT targets investing in US Equities, while QQQ targets investing in US Equities.
Fund owner
Blackrock (iShares)
Invesco
ITOT is managed by Blackrock (iShares), while QQQ is managed by Invesco.
Volume (1m avg. daily)
$92,311,586
$17,559,045,883
Both ITOT and QQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$43,679,376,151
$197,956,569,440
ITOT has more assets under management than QQQ by $154,277,193,289. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Total Market Index
Nasdaq 100 Index
ITOT is based off of the S&P Total Market Index, while QQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
ITOT and QQQ use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
ITOT and QQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
ITOT and QQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
QQQ may issue a K1, while ITOT does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
ITOT and QQQ’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toITOT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

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Risk Rating

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Create your own algorithmic
trading strategy

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.