IMF vs QQQ
Invesco Managed Futures Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | IMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $317M | $496.3B | |
| Dividend Yield | 0.90% | 0.44% | |
| Holdings | 79 | 108 | |
| YTD Return | +13.27% | +17.07% | |
| 1Y Return | +19.61% | +26.39% | |
| 3Y Return (annualized) | - | +26.08% | |
| 5Y Return (annualized) | - | +15.18% | |
| Volatility (annualized) | 12.1% | 30.6% | |
| Max Drawdown | -15.1% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 19, 2025 | Mar 10, 1999 |
IMF vs QQQ Performance
Invesco Managed Futures Strategy ETF (IMF) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IMF returned +19.61% while QQQ returned +26.39%. Year to date, IMF is up 13.27% versus a gain of 17.07% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.1% for IMF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.1% for IMF and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IMF charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, IMF currently yields 0.90% against 0.44% for QQQ.
Holdings Overlap
IMF and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IMF or QQQ?
IMF has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IMF or QQQ?
Over the past year IMF returned +19.61% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), IMF annualized +2.83% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, IMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.1% for IMF. Worst drawdown: IMF -15.1% vs QQQ -83.0%.
Should I hold both IMF and QQQ?
IMF and QQQ have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IMF and QQQ?
IMF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, IMF or QQQ?
IMF yields 0.90% while QQQ yields 0.44%, so IMF currently pays the higher dividend yield.
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