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ETF Comparisons

QQQM vs. IWM

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--
vs

iShares Russell 2000 ETF

IWM
$--

Correlation

0.88

Compare with

Top 10 comparisons with QQQM:
Compare:
QQQM
Correlation
With:
IWM
iShares Russell 2000 ETF
0.88
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 11.00TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares1.00MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99ONEQFidelity Covington Trust - Fidelity Nasdaq Composite Index ETF0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99VUGVanguard Group, Inc. - Vanguard Growth ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99

Top 10 shared holdings

The top 10 holdings shared by QQQM and IWM:

There are no shared holdings.
Invest with QQQM
Learn more about IWM
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
IWMiShares Russell 2000 ETF

What is QQQM?

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
IWM iShares Russell 2000 ETF
Inception date
Oct 13 2020
May 22 2000
Expense ratio
0.15%
0.19%
QQQM has a lower expense ratio than IWM by 0.04%. This can indicate that it’s cheaper to invest in QQQM than IWM.
Type
US Equities
US Equities
QQQM targets investing in US Equities, while IWM targets investing in US Equities.
Fund owner
Invesco
Blackrock (iShares)
QQQM is managed by Invesco, while IWM is managed by Blackrock (iShares).
Volume (1m avg. daily)
$154,621,362
$4,463,198,665
Both QQQM and IWM 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
$14,236,186,221
$50,549,436,527
QQQM has more assets under management than IWM by $36,313,250,306. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
Russell 2000 Index
QQQM is based off of the Nasdaq 100 Index, while IWM is based off of the Russell 2000 Index
Inverse/Leveraged
No
No
QQQM and IWM 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
QQQM and IWM 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
QQQM and IWM may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither QQQM nor IWM require a K1.
QQQM and IWM’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 toQQQM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toIWM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

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.