BTQ.NEO vs. IWR
BTQ.NEO (BTQ Technologies Corp) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 3 years, BTQ.NEO returned 101.40%/yr vs 18.18%/yr for IWR. At a 0.14 correlation, their price movements are largely independent.
Performance
BTQ.NEO vs. IWR - Performance Comparison
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Different Trading Currencies
BTQ.NEO is traded in CAD, while IWR is traded in USD. To make them comparable, the IWR values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTQ.NEO achieves a -18.19% return, which is significantly lower than IWR's 15.65% return.
BTQ.NEO
- 1D
- -5.23%
- 1M
- 31.82%
- YTD
- -18.19%
- 6M
- -29.27%
- 1Y
- 25.00%
- 3Y*
- 101.40%
- 5Y*
- —
- 10Y*
- —
IWR
- 1D
- 1.22%
- 1M
- 6.00%
- YTD
- 15.65%
- 6M
- 13.68%
- 1Y
- 24.64%
- 3Y*
- 18.18%
- 5Y*
- 11.17%
- 10Y*
- 12.76%
BTQ.NEO vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | -18.19% | 79.95% | 380.49% | 9.33% |
IWR iShares Russell Midcap ETF | 15.65% | 5.33% | 24.97% | 5.72% |
Correlation
The correlation between BTQ.NEO and IWR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.14 |
The correlation between BTQ.NEO and IWR shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTQ.NEO vs. IWR — Risk / Return Rank
BTQ.NEO
IWR
BTQ.NEO vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTQ Technologies Corp (BTQ.NEO) and iShares Russell Midcap ETF (IWR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTQ.NEO | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.62 | -3.32 |
| Martin ratioReturn relative to average drawdown | 0.42 | 12.10 | -11.68 |
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Drawdowns
BTQ.NEO vs. IWR - Drawdown Comparison
The maximum BTQ.NEO drawdown since its inception was -84.85%, which is greater than IWR's maximum drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for BTQ.NEO and IWR.
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Drawdown Indicators
| BTQ.NEO | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.85% | -51.41% | -33.44% |
Max Drawdown (1Y)Largest decline over 1 year | -84.85% | -6.84% | -78.01% |
Max Drawdown (3Y)Largest decline over 3 years | -84.85% | -20.56% | -64.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -70.71% | 0.00% | -70.71% |
Average DrawdownAverage peak-to-trough decline | -46.97% | -7.99% | -38.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.86% | 2.05% | +57.81% |
Volatility
BTQ.NEO vs. IWR - Volatility Comparison
BTQ Technologies Corp (BTQ.NEO) has a higher volatility of 42.55% compared to iShares Russell Midcap ETF (IWR) at 4.68%. This indicates that BTQ.NEO's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTQ.NEO | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.55% | 4.68% | +37.87% |
Volatility (6M)Calculated over the trailing 6-month period | 85.01% | 10.93% | +74.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 161.09% | 14.49% | +146.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 171.59% | 19.15% | +152.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.59% | 20.32% | +151.27% |
Dividends
BTQ.NEO vs. IWR - Dividend Comparison
BTQ.NEO has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
BTQ.NEO and IWR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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