IHI vs QQQ
iShares US Medical Devices ETF vs Invesco QQQ Trust, Series 1
Which is better, IHI or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 75.7%.
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 | IHI | QQQ |
|---|---|---|
| Expense Ratio | 0.37% | 0.18%Best |
| AUM | $3.6B | $506.1B |
| Dividend Yield | 0.51% | 0.42% |
| Holdings | 51 | 321 |
| YTD Return | -14.50% | +19.30%Best |
| 1Y Return | -10.91% | +22.47%Best |
| 3Y Return (annualized) | +5.26% | +26.18%Best |
| 5Y Return (annualized) | -2.98% | +15.42%Best |
| Volatility (annualized) | 17.4%Best | 18.5% |
| Max Drawdown | -49.7%Best | -53.5% |
| $10,000 over 5 years | $8,596 | $20,484Best |
| Top 10 Weight | 75.7% | 46.7%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | May 1, 2006 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2006 to Oct 14, 2026 (20.4 years).
IHI 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 20.4 years both funds cover.
IHI vs QQQ Performance
iShares US Medical Devices ETF (IHI) 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 IHI returned -10.91% while QQQ returned +22.47%. Year to date, IHI is down 14.50% versus a gain of 19.30% for QQQ.
Over three years, IHI compounded at +5.26% per year against +26.18% for QQQ; over five years the annualized figures are -2.98% and +15.42% respectively. Across the full 20-year window we track, QQQ has the edge at +15.15% annualized vs +9.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 17.4% for IHI. 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 -49.7% for IHI and -53.5% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IHI charges 0.37% per year while QQQ charges 0.18%. On a $10,000 position that is $37 vs $18 annually, a gap of $19 per year that compounds over a long holding period. On income, IHI currently yields 0.51% against 0.42% for QQQ.
Holdings Overlap
28.2% of IHI's money is in holdings QQQ also owns. 1.0% of QQQ's money is in holdings IHI also owns.
IHI and QQQ share little of their money.
4 positions in common, counted across the 50 positions we hold weights for in IHI and 101 in QQQ, against full books of 51 and 321.
What only one of them owns
Our book lists 89 positions for QQQ that do not appear in our book for IHI (95.3% of the fund), and 44 for IHI that do not appear in QQQ (71.6%).
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.
28.2% of IHI is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IHI or QQQ?
IHI has an expense ratio of 0.37% while QQQ charges 0.18%. QQQ is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, IHI or QQQ?
Over the past year IHI returned -10.91% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), IHI annualized +9.61% vs +15.15% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IHI or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 17.4% for IHI. Worst drawdown: IHI -49.7% vs QQQ -53.5%.
Should I hold both IHI and QQQ?
IHI and QQQ have a monthly-return correlation of 0.68, 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 IHI and QQQ?
28.2% of IHI's money is in holdings QQQ also owns. 1.0% of QQQ's is in holdings IHI also owns. They hold 4 positions in common, counted across the 50 positions we hold weights for in IHI and 101 in QQQ.
Which pays a higher dividend, IHI or QQQ?
IHI yields 0.51% while QQQ yields 0.42%, so IHI currently pays the higher dividend yield.
Is QQQ better than IHI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 75.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.