IQSU vs. DARP

Last updated Jun 4, 2026

IQSU (IQ Candriam ESG U.S. Equity ETF) and DARP (Grizzle Growth ETF) are both Large Cap Growth Equities funds. IQSU is passively managed, while DARP is actively managed. Over the past year, IQSU returned 29.34% vs 82.62% for DARP. A 0.73 correlation means they provide meaningful diversification when combined. IQSU charges 0.09%/yr vs 0.75%/yr for DARP.

Performance

IQSU vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ Candriam ESG U.S. Equity ETF (IQSU) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQSU achieves a 13.06% return, which is significantly lower than DARP's 32.67% return.

IQSU

• 1D: -0.46%
• 1M: 6.63%
• YTD: 13.06%
• 6M: 13.30%
• 1Y: 29.34%
• 3Y*: 19.64%
• 5Y*: 12.84%
• 10Y*: —

DARP

• 1D: -0.76%
• 1M: 8.18%
• YTD: 32.67%
• 6M: 34.22%
• 1Y: 82.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQSU vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IQSU IQ Candriam ESG U.S. Equity ETF	13.06%	14.44%	16.64%	9.22%
DARP Grizzle Growth ETF	32.67%	40.19%	24.63%	6.25%

Correlation

The correlation between IQSU and DARP is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	0.73

The correlation between IQSU and DARP has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

IQSU vs. DARP - Sectors Allocation Comparison

Sectors	IQSU	DARP
Technology	34.0%	45.8%
Communication Services	15.0%	19.4%
Consumer Cyclical	14.8%	6.6%
Financial Services	11.7%	-
Industrials	6.8%	12.0%
Healthcare	6.2%	1.4%
Consumer Defensive	3.5%	-
Real Estate	2.8%	-
Basic Materials	2.7%	4.7%
Energy	1.3%	9.9%
Utilities	1.2%	5.4%

Return for Risk

IQSU vs. DARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQSU

IQSU Risk / Return Rank: 61
IQSU Sharpe Ratio Rank: 64
IQSU Sortino Ratio Rank: 62
IQSU Omega Ratio Rank: 64
IQSU Calmar Ratio Rank: 54
IQSU Martin Ratio Rank: 61

DARP

DARP Risk / Return Rank: 91
DARP Sharpe Ratio Rank: 94
DARP Sortino Ratio Rank: 88
DARP Omega Ratio Rank: 87
DARP Calmar Ratio Rank: 93
DARP Martin Ratio Rank: 94

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.

IQSU vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG U.S. Equity ETF (IQSU) and Grizzle Growth ETF (DARP). 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.

	IQSU	DARP	Difference
Sharpe ratio Return per unit of total volatility	2.13	3.59	-1.46
Sortino ratio Return per unit of downside risk	2.91	4.03	-1.12
Omega ratio Gain probability vs. loss probability	1.39	1.54	-0.16
Calmar ratio Return relative to maximum drawdown	2.64	7.03	-4.39
Martin ratio Return relative to average drawdown	10.74	26.75	-16.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQSU vs. DARP - Sharpe Ratio Comparison

The current IQSU Sharpe Ratio is 2.13, which is lower than the DARP Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of IQSU and DARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IQSU	DARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	3.59	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.49	-0.70

Drawdowns

IQSU vs. DARP - Drawdown Comparison

The maximum IQSU drawdown since its inception was -31.29%, roughly equal to the maximum DARP drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for IQSU and DARP.

Drawdown Indicators

	IQSU	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-31.29%	-30.27%	-1.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-11.82%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.76%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.76%	+0.28%
Average Drawdown Average peak-to-trough decline	-5.99%	-4.64%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	3.10%	-0.36%

Volatility

IQSU vs. DARP - Volatility Comparison

The current volatility for IQ Candriam ESG U.S. Equity ETF (IQSU) is 3.64%, while Grizzle Growth ETF (DARP) has a volatility of 7.07%. This indicates that IQSU experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQSU	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	7.07%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	17.49%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	23.16%	-9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	26.11%	-8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	26.11%	-5.43%

IQSU vs. DARP - Expense Ratio Comparison

IQSU has a 0.09% expense ratio, which is lower than DARP's 0.75% expense ratio.

Dividends

IQSU vs. DARP - Dividend Comparison

IQSU's dividend yield for the trailing twelve months is around 0.97%, more than DARP's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DARP Grizzle Growth ETF	0.33%	0.43%	1.93%	0.32%	0.00%	0.00%	0.00%
IQSU IQ Candriam ESG U.S. Equity ETF	0.97%	1.09%	1.12%	1.15%	1.47%	1.07%	0.98%

Frequently Asked Questions

Can I hold both IQSU and DARP in my portfolio?

IQSU and DARP have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQSU or DARP?

DARP has higher volatility (7.07%) compared to IQSU (3.64%). In terms of maximum drawdown, IQSU dropped -31.29% vs DARP's -30.27%.

Which ETF is better, IQSU or DARP?

On 1-year performance, DARP leads with 82.62% vs 29.34% for IQSU. On fees, IQSU is cheaper at 0.09% per year. On volatility, IQSU has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQSU or DARP?

Over the 1-year period, DARP has performed better with a 82.62% return vs 29.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQSU or DARP?

IQSU is cheaper with a 0.09% expense ratio, compared with 0.75% for DARP.

Which ETF pays a higher dividend yield, IQSU or DARP?

IQSU has the higher dividend yield at 0.97%, compared with 0.33% for DARP.

What is the main difference between IQSU and DARP?

They also come from different issuers: New York Life and Grizzle. Their fees differ too: 0.09% for IQSU and 0.75% for DARP.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (3.59 vs 2.13), 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.