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QQQM vs. TIP

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.30
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
TIPiShares TIPS Bond 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
TIP iShares TIPS Bond ETF
Inception date
Oct 13 2020
Dec 04 2003
Expense ratio
0.15%
0.19%
QQQM has a lower expense ratio than TIP by 0.04%. This can indicate that it’s cheaper to invest in QQQM than TIP.
Type
US Equities
US Bonds
QQQM targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
Invesco
Blackrock (iShares)
QQQM is managed by Invesco, while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$154,621,362
$275,002,281
Both QQQM and TIP 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
$21,035,302,259
QQQM has more assets under management than TIP by $6,799,116,038. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
ICE US Treasury Inflation Linked Bond Index
QQQM is based off of the Nasdaq 100 Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
No
No
QQQM and TIP 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 TIP 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 TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither QQQM nor TIP require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toQQQM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toTIP

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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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.