IMTM vs QQQ
iShares MSCI Intl Momentum Factor ETF vs Invesco QQQ Trust, Series 1
Which is better, IMTM or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IMTM is less concentrated, with 22.6% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IMTM | QQQ |
|---|---|---|
| Expense Ratio | 0.30% | 0.18%Best |
| AUM | $4.2B | $483.5B |
| Dividend Yield | 4.37% | 0.44% |
| Holdings | 325 | 107 |
| YTD Return | +11.67% | +17.11%Best |
| 1Y Return | +19.74% | +23.99%Best |
| 3Y Return (annualized) | +22.08% | +24.62%Best |
| 5Y Return (annualized) | +10.00% | +14.23%Best |
| Volatility (annualized) | 13.8%Best | 18.7% |
| Max Drawdown | -30.7%Best | -35.1% |
| $10,000 over 5 years | $16,105 | $19,449Best |
| Top 10 Weight | 22.6%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jan 13, 2015 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jan 26, 2015 to Sep 9, 2026 (11.6 years).
IMTM vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.6 years both funds cover.
IMTM vs QQQ Performance
iShares MSCI Intl Momentum Factor ETF (IMTM) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IMTM returned +19.74% while QQQ returned +23.99%. Year to date, IMTM is up 11.67% versus a gain of 17.11% for QQQ.
Over three years, IMTM compounded at +22.08% per year against +24.62% for QQQ; over five years the annualized figures are +10.00% and +14.23% respectively. Across the full 12-year window we track, QQQ has the edge at +18.38% annualized vs +8.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 13.8% for IMTM. 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 -30.7% for IMTM and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IMTM charges 0.30% per year while QQQ charges 0.18%. On a $10,000 position that is $30 vs $18 annually, a gap of $12 per year that compounds over a long holding period. On income, IMTM currently yields 4.37% against 0.44% for QQQ.
Holdings Overlap
7.4% of IMTM's money is in holdings QQQ also owns. 1.1% of QQQ's money is in holdings IMTM also owns.
IMTM and QQQ share little of their money.
3 positions in common, counted across the 301 positions we hold weights for in IMTM and 102 in QQQ, against full books of 325 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for IMTM (96.9% of the fund), and 8 for IMTM that do not appear in QQQ (3.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IMTM and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IMTM or QQQ?
IMTM has an expense ratio of 0.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, IMTM or QQQ?
Over the past year IMTM returned +19.74% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), IMTM annualized +8.10% vs +18.38% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IMTM or QQQ?
QQQ has been the more volatile fund at 18.7% annualized versus 13.8% for IMTM. Worst drawdown: IMTM -30.7% vs QQQ -35.1%.
Should I hold both IMTM and QQQ?
IMTM and QQQ have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IMTM and QQQ?
7.4% of IMTM's money is in holdings QQQ also owns. 1.1% of QQQ's is in holdings IMTM also owns. They hold 3 positions in common, counted across the 301 positions we hold weights for in IMTM and 102 in QQQ.
Which pays a higher dividend, IMTM or QQQ?
IMTM yields 4.37% while QQQ yields 0.44%, so IMTM currently pays the higher dividend yield.
Is QQQ better than IMTM?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. IMTM is less concentrated, with 22.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.