IVW vs. QQQ
Compare and contrast key facts about iShares S&P 500 Growth ETF (IVW) and Invesco QQQ (QQQ).
IVW and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 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 IVW 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: IVW or QQQ.
Performance
IVW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IVW achieves a 31.37% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, IVW has underperformed QQQ with an annualized return of 14.76%, while QQQ has yielded a comparatively higher 17.95% annualized return.
IVW
31.37%
1.52%
14.22%
37.39%
17.09%
14.76%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| IVW | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.70 |
| Sortino Ratio | 2.90 | 2.29 |
| Omega Ratio | 1.41 | 1.31 |
| Calmar Ratio | 2.75 | 2.19 |
| Martin Ratio | 11.73 | 7.96 |
| Ulcer Index | 3.21% | 3.72% |
| Daily Std Dev | 16.97% | 17.39% |
| Max Drawdown | -57.35% | -82.98% |
| Current Drawdown | -2.78% | -3.42% |
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IVW vs. QQQ - Expense Ratio Comparison
IVW has a 0.18% expense ratio, which is lower than QQQ's 0.20% 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%.
Correlation
The correlation between IVW and QQQ is 0.91, 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
IVW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) 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
IVW vs. QQQ - Dividend Comparison
IVW's dividend yield for the trailing twelve months is around 0.52%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVW iShares S&P 500 Growth ETF | 0.52% | 1.03% | 0.89% | 0.46% | 0.82% | 1.63% | 1.28% | 1.30% | 1.51% | 1.51% | 1.37% | 1.45% |
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
IVW vs. QQQ - Drawdown Comparison
The maximum IVW drawdown since its inception was -57.35%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IVW and QQQ. For additional features, visit the drawdowns tool.
Volatility
IVW vs. QQQ - Volatility Comparison
iShares S&P 500 Growth ETF (IVW) and Invesco QQQ (QQQ) have volatilities of 5.50% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.