IVOG vs. QQQJ
IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds - IVOG tracks the S&P MidCap 400 Growth Index while QQQJ tracks the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past 5 years, IVOG returned 8.21%/yr vs 6.73%/yr for QQQJ. Their correlation of 0.89 suggests significant overlap in exposure. IVOG charges 0.10%/yr vs 0.15%/yr for QQQJ.
Performance
IVOG vs. QQQJ - Performance Comparison
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Returns By Period
In the year-to-date period, IVOG achieves a 16.96% return, which is significantly lower than QQQJ's 21.16% return.
IVOG
- 1D
- -1.05%
- 1M
- -1.65%
- 6M
- 11.10%
- YTD
- 16.96%
- 1Y
- 23.29%
- 3Y*
- 14.86%
- 5Y*
- 8.21%
- 10Y*
- 11.06%
QQQJ
- 1D
- -1.07%
- 1M
- 0.90%
- 6M
- 14.19%
- YTD
- 21.16%
- 1Y
- 38.78%
- 3Y*
- 19.75%
- 5Y*
- 6.73%
- 10Y*
- —
IVOG vs. QQQJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 16.96% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 12.67% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 21.16% | 20.44% | 15.36% | 13.68% | -28.25% | 9.76% | 15.34% |
Correlation
The correlation between IVOG and QQQJ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.89 |
The correlation between IVOG and QQQJ has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
IVOG vs. QQQJ — Risk / Return Rank
IVOG
QQQJ
IVOG vs. QQQJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.
| IVOG | QQQJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.29 | -0.88 |
| Martin ratioReturn relative to average drawdown | 9.23 | 13.55 | -4.32 |
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Drawdowns
IVOG vs. QQQJ - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, roughly equal to the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for IVOG and QQQJ.
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Drawdown Indicators
| IVOG | QQQJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -39.57% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -11.84% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -22.46% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -39.57% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | — | — |
Current DrawdownCurrent decline from peak | -3.90% | -2.35% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -15.49% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.87% | -0.34% |
Volatility
IVOG vs. QQQJ - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a higher volatility of 5.56% compared to Invesco NASDAQ Next Gen 100 ETF (QQQJ) at 5.19%. This indicates that IVOG's price experiences larger fluctuations and is considered to be riskier than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOG | QQQJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 5.19% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 15.53% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 19.11% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 22.19% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 22.05% | -1.46% |
IVOG vs. QQQJ - Expense Ratio Comparison
IVOG has a 0.10% expense ratio, which is lower than QQQJ's 0.15% 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
IVOG vs. QQQJ - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.55%, which matches QQQJ's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.55% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.55% | 0.85% | 0.77% | 0.67% | 0.76% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVOG and QQQJ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOG has higher volatility (5.56%) compared to QQQJ (5.19%). In terms of maximum drawdown, IVOG dropped -39.32% vs QQQJ's -39.57%.
On 5-year performance, IVOG leads with 8.21% vs 6.73% for QQQJ. On fees, IVOG is cheaper at 0.10% per year. On volatility, QQQJ has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVOG has performed better with a 8.21% return vs 6.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.15% for QQQJ.
IVOG and QQQJ have nearly identical dividend yields, around 0.55%.
IVOG tracks S&P MidCap 400 Growth Index, while QQQJ tracks NASDAQ Next Generation 100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.10% for IVOG and 0.15% for QQQJ.
QQQJ currently has the higher Sharpe Ratio (2.04 vs 1.31), 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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