IJT vs. QQQ
Compare and contrast key facts about iShares S&P SmallCap 600 Growth ETF (IJT) and Invesco QQQ (QQQ).
IJT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJT is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600/Citigroup Growth Index. It was launched on Jul 24, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IJT and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJT or QQQ.
Performance
IJT vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IJT achieves a 15.42% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, IJT has underperformed QQQ with an annualized return of 10.26%, while QQQ has yielded a comparatively higher 17.95% annualized return.
IJT
15.42%
2.29%
9.78%
29.26%
10.28%
10.26%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| IJT | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.56 | 1.70 |
| Sortino Ratio | 2.29 | 2.29 |
| Omega Ratio | 1.27 | 1.31 |
| Calmar Ratio | 1.46 | 2.19 |
| Martin Ratio | 9.41 | 7.96 |
| Ulcer Index | 3.24% | 3.72% |
| Daily Std Dev | 19.54% | 17.39% |
| Max Drawdown | -57.61% | -82.98% |
| Current Drawdown | -3.92% | -3.42% |
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IJT vs. QQQ - Expense Ratio Comparison
IJT has a 0.25% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IJT and QQQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IJT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Growth ETF (IJT) and Invesco QQQ (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.
Dividends
IJT vs. QQQ - Dividend Comparison
IJT's dividend yield for the trailing twelve months is around 0.96%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 0.96% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% | 0.78% | 0.70% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IJT vs. QQQ - Drawdown Comparison
The maximum IJT drawdown since its inception was -57.61%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IJT and QQQ. For additional features, visit the drawdowns tool.
Volatility
IJT vs. QQQ - Volatility Comparison
iShares S&P SmallCap 600 Growth ETF (IJT) has a higher volatility of 7.65% compared to Invesco QQQ (QQQ) at 5.58%. This indicates that IJT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.