IQQ vs. IWM
IQQ (iShares Nasdaq 100 ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. IQQ charges 0.10%/yr vs 0.19%/yr for IWM.
Performance
IQQ vs. IWM - Performance Comparison
Loading charts...
Returns By Period
IQQ
- 1D
- 1.87%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWM
- 1D
- 1.45%
- 1M
- 0.32%
- 6M
- 13.40%
- YTD
- 20.97%
- 1Y
- 35.31%
- 3Y*
- 16.47%
- 5Y*
- 7.63%
- 10Y*
- 10.81%
- ALL TIME*
- 8.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.46M | $42.46M | $42.46M |
IQQ vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQQ iShares Nasdaq 100 ETF | -1.68% |
IWM iShares Russell 2000 ETF | 1.04% |
Correlation
The correlation between IQQ and IWM is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.63 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQQ vs. IWM — Risk / Return Rank
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWM
IQQ vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and iShares Russell 2000 ETF (IWM). 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.
| IQQ | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.22 | — |
| Martin ratioReturn relative to average drawdown | — | 11.33 | — |
Loading charts...
Drawdowns
IQQ vs. IWM - Drawdown Comparison
The maximum IQQ drawdown since its inception was -4.15%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IQQ and IWM.
Loading charts...
Drawdown Indicators
| IQQ | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -59.05% | +54.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -2.28% | -1.30% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -10.72% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.12% | — |
Volatility
IQQ vs. IWM - Volatility Comparison
Loading charts...
Volatility by Period
| IQQ | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 19.38% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 22.49% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 23.01% | -2.77% |
IQQ vs. IWM - Expense Ratio Comparison
IQQ has a 0.10% expense ratio, which is lower than IWM's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IQQ vs. IWM - Dividend Comparison
IQQ has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ iShares Nasdaq 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IQQ and IWM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.19% for IWM.
IWM has the higher dividend yield at 0.90%, compared with 0.00% for IQQ.
IQQ is categorized as Nasdaq-100, while IWM is Small Cap Blend Equities. IQQ tracks NASDAQ-100 Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.10% for IQQ and 0.19% for IWM.
Find the right allocation for IQQ and IWM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer