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IJJ vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. QQQ

Last updated Jun 4, 2026

IJJ (iShares S&P Mid-Cap 400 Value ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IJJ returned 10.32%/yr vs 21.94%/yr for QQQ. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

IJJ vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P Mid-Cap 400 Value ETF (IJJ) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJJ achieves a 8.95% return, which is significantly lower than QQQ's 21.30% return. Over the past 10 years, IJJ has underperformed QQQ with an annualized return of 10.32%, while QQQ has yielded a comparatively higher 21.94% annualized return.

IJJ

1D
-0.36%
1M
1.82%
YTD
8.95%
6M
9.26%
1Y
20.64%
3Y*
13.80%
5Y*
7.43%
10Y*
10.32%

QQQ

1D
-0.26%
1M
10.60%
YTD
21.30%
6M
19.66%
1Y
41.82%
3Y*
28.78%
5Y*
17.97%
10Y*
21.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJJ vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		8.95%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between IJJ and QQQ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Jul 31, 2000

0.71

Over the past year, the correlation between IJJ and QQQ has dropped to 0.51 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

IJJ vs. QQQ - Sectors Allocation Comparison

Sectors
IJJ
QQQ

Financial Services

21.8%
0.2%

Industrials

18.8%
2.8%

Consumer Cyclical

13.5%
12.3%

Real Estate

9.6%
0.1%

Technology

9.3%
53.8%

Energy

7.4%
0.6%

Basic Materials

6.0%
1.1%

Consumer Defensive

5.5%
7.7%

Utilities

4.2%
1.4%

Healthcare

3.5%
4.2%

Communication Services

0.5%
15.8%

Financial Services

IJJ
21.8%
QQQ
0.2%

Industrials

IJJ
18.8%
QQQ
2.8%

Consumer Cyclical

IJJ
13.5%
QQQ
12.3%

Real Estate

IJJ
9.6%
QQQ
0.1%

Technology

IJJ
9.3%
QQQ
53.8%

Energy

IJJ
7.4%
QQQ
0.6%

Basic Materials

IJJ
6.0%
QQQ
1.1%

Consumer Defensive

IJJ
5.5%
QQQ
7.7%

Utilities

IJJ
4.2%
QQQ
1.4%

Healthcare

IJJ
3.5%
QQQ
4.2%

Communication Services

IJJ
0.5%
QQQ
15.8%

Compare stocks, funds, or ETFs

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iShares S&P Mid-Cap 400 Value ETF

Invesco QQQ ETF

Often compared with IJJ:
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Often compared with QQQ:
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Return for Risk

IJJ vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJJ
IJJ Risk / Return Rank: 3838
Overall Rank
IJJ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 3939
Sortino Ratio Rank
IJJ Omega Ratio Rank: 3535
Omega Ratio Rank
IJJ Calmar Ratio Rank: 3939
Calmar Ratio Rank
IJJ Martin Ratio Rank: 4141
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJJ vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) and Invesco QQQ ETF (QQQ). 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.

IJJQQQDifference
Sharpe ratioReturn per unit of total volatility
1.36
2.64

-1.28

Sortino ratioReturn per unit of downside risk
2.06
3.45

-1.38

Omega ratioGain probability vs. loss probability

1.24

1.45

-0.21

Calmar ratioReturn relative to maximum drawdown

1.96

3.51

-1.55

Martin ratioReturn relative to average drawdown

6.76

13.49

-6.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJJ vs. QQQ - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.36, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of IJJ and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IJJQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.64

-1.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

0.81

-0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.99

-0.52

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.41

+0.06

Drawdowns

IJJ vs. QQQ - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IJJ and QQQ.

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Drawdown Indicators

IJJQQQDifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-82.97%

+24.97%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-11.96%

+1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-22.77%

+0.09%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-35.12%

+12.44%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-35.12%

-10.99%

Current Drawdown

Current decline from peak

-0.36%

-0.26%

-0.10%

Average Drawdown

Average peak-to-trough decline

-7.94%

-32.79%

+24.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

3.11%

-0.05%

Volatility

IJJ vs. QQQ - Volatility Comparison

The current volatility for iShares S&P Mid-Cap 400 Value ETF (IJJ) is 3.81%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that IJJ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJJQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

4.49%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

12.10%

-1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

15.94%

-0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.57%

22.38%

-2.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.04%

22.29%

-0.25%

IJJ vs. QQQ - Expense Ratio Comparison

Both IJJ and QQQ have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IJJ vs. QQQ - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.64%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.64%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

IJJ and QQQ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (4.49%) compared to IJJ (3.81%). In terms of maximum drawdown, IJJ dropped -58.00% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 21.94% vs 10.32% for IJJ. Both ETFs have the same 0.18% expense ratio. On volatility, IJJ has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.94% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJJ and QQQ have the same expense ratio: 0.18% per year.

IJJ has the higher dividend yield at 1.64%, compared with 0.38% for QQQ.

IJJ is categorized as Mid Cap Value Equities, while QQQ is Nasdaq-100. IJJ tracks S&P MidCap 400 Value Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco.

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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