IQQ vs. NJUL

Last updated Aug 6, 2026

IQQ (iShares Nasdaq 100 ETF) and NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) are both Nasdaq-100 funds - IQQ tracks the NASDAQ-100 Index while NJUL tracks the Invesco QQQ Trust. Both are passively managed. Their 0.98 correlation means they have historically moved very closely together. IQQ charges 0.10%/yr vs 0.79%/yr for NJUL.

Performance

IQQ vs. NJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq 100 ETF (IQQ) and Innovator Nasdaq-100 Power Buffer ETF - July (NJUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQQ

• 1D: -0.90%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NJUL

• 1D: -0.30%
• 1M: -0.04%
• 6M: 5.92%
• YTD: 5.62%
• 1Y: 11.51%
• 3Y*: 14.27%
• 5Y*: 10.35%
• 10Y*: —
• ALL TIME*: 10.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$30.00M	$35.28M	$35.28M
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	$1.48M	$2.11M	$1.71M

IQQ vs. NJUL - Yearly Performance Comparison

	2026 (YTD)
IQQ iShares Nasdaq 100 ETF	-0.53%
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	0.87%

Correlation

The correlation between IQQ and NJUL is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.98

Return for Risk

IQQ vs. NJUL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NJUL

NJUL Risk / Return Rank: 57
NJUL Sharpe Ratio Rank: 51
NJUL Sortino Ratio Rank: 53
NJUL Omega Ratio Rank: 55
NJUL Calmar Ratio Rank: 55
NJUL Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IQQ vs. NJUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and Innovator Nasdaq-100 Power Buffer ETF - July (NJUL). 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	NJUL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.25	—
Martin ratio: Return relative to average drawdown	—	9.46	—

Drawdowns

IQQ vs. NJUL - Drawdown Comparison

The maximum IQQ drawdown since its inception was -8.80%, smaller than the maximum NJUL drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for IQQ and NJUL.

Drawdown Indicators

	IQQ	NJUL	Difference
Max Drawdown Largest peak-to-trough decline	-8.80%	-14.37%	+5.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.37%	—
Current Drawdown Current decline from peak	-1.14%	-0.94%	-0.20%
Average Drawdown Average peak-to-trough decline	-3.39%	-2.28%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.22%	—

Volatility

Volatility by Period

	IQQ	NJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.88%	7.99%	+17.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	11.70%	+14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	11.04%	+14.84%

IQQ vs. NJUL - Expense Ratio Comparison

IQQ has a 0.10% expense ratio, which is lower than NJUL's 0.79% expense ratio.

Dividends

IQQ vs. NJUL - Dividend Comparison

Neither IQQ nor NJUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IQQ and NJUL in my portfolio?

With a correlation of 0.98, IQQ and NJUL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IQQ or NJUL?

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.

Which ETF is cheaper, IQQ or NJUL?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.79% for NJUL.

Which ETF pays a higher dividend yield, IQQ or NJUL?

IQQ and NJUL have nearly identical dividend yields, around 0.00%.

What is the main difference between IQQ and NJUL?

IQQ tracks NASDAQ-100 Index, while NJUL tracks Invesco QQQ Trust. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.10% for IQQ and 0.79% for NJUL.