IWB vs. QARP

Last updated Jun 4, 2026

IWB (iShares Russell 1000 ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both exchange-traded funds - IWB is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while QARP is a Large Cap Growth Equities fund tracking the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, IWB returned 12.99%/yr vs 12.06%/yr for QARP. Their correlation of 0.93 suggests significant overlap in exposure. IWB charges 0.15%/yr vs 0.19%/yr for QARP.

Performance

IWB vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 ETF (IWB) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IWB having a 10.54% return and QARP slightly lower at 10.34%.

IWB

• 1D: -0.71%
• 1M: 4.95%
• YTD: 10.54%
• 6M: 10.51%
• 1Y: 27.03%
• 3Y*: 22.02%
• 5Y*: 12.99%
• 10Y*: 15.17%

QARP

• 1D: -0.05%
• 1M: 2.39%
• YTD: 10.34%
• 6M: 10.57%
• 1Y: 25.02%
• 3Y*: 18.54%
• 5Y*: 12.06%
• 10Y*: —

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

IWB vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IWB iShares Russell 1000 ETF	10.54%	17.18%	24.32%	26.39%	-19.19%	26.32%	20.77%	31.06%	-4.87%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	10.34%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between IWB and QARP is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.93

The correlation between IWB and QARP has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

IWB vs. QARP - Sectors Allocation Comparison

Sectors	IWB	QARP
Technology	36.6%	21.9%
Financial Services	11.3%	9.9%
Communication Services	10.4%	14.7%
Consumer Cyclical	10.0%	13.2%
Industrials	8.6%	9.0%
Healthcare	8.6%	11.3%
Consumer Defensive	4.5%	10.5%
Energy	3.3%	6.5%
Utilities	2.5%	0.3%
Real Estate	2.1%	0.6%
Basic Materials	1.9%	2.1%

Return for Risk

IWB vs. QARP — Risk / Return Rank

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

IWB

IWB Risk / Return Rank: 67
IWB Sharpe Ratio Rank: 67
IWB Sortino Ratio Rank: 66
IWB Omega Ratio Rank: 66
IWB Calmar Ratio Rank: 61
IWB Martin Ratio Rank: 73

QARP

QARP Risk / Return Rank: 75
QARP Sharpe Ratio Rank: 74
QARP Sortino Ratio Rank: 77
QARP Omega Ratio Rank: 72
QARP Calmar Ratio Rank: 70
QARP Martin Ratio Rank: 80

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.

IWB vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

	IWB	QARP	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.43	-0.15
Sortino ratio: Return per unit of downside risk	3.12	3.46	-0.35
Omega ratio: Gain probability vs. loss probability	1.41	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	3.06	3.46	-0.40
Martin ratio: Return relative to average drawdown	14.09	15.79	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWB vs. QARP - Sharpe Ratio Comparison

The current IWB Sharpe Ratio is 2.28, which is comparable to the QARP Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of IWB and QARP, 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

	IWB	QARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.43	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.78	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.72	-0.27

Drawdowns

IWB vs. QARP - Drawdown Comparison

The maximum IWB drawdown since its inception was -55.38%, which is greater than QARP's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for IWB and QARP.

Drawdown Indicators

	IWB	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-35.44%	-19.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-7.26%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.09%	-15.65%	-3.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	-22.75%	-2.45%
Max Drawdown (10Y) Largest decline over 10 years	-34.60%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.98%	+0.27%
Average Drawdown Average peak-to-trough decline	-10.86%	-4.44%	-6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.59%	+0.33%

Volatility

IWB vs. QARP - Volatility Comparison

iShares Russell 1000 ETF (IWB) has a higher volatility of 2.88% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.21%. This indicates that IWB's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWB	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.21%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	7.71%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	10.36%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	15.51%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	19.65%	-1.51%

IWB vs. QARP - Expense Ratio Comparison

IWB has a 0.15% expense ratio, which is lower than QARP'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

IWB vs. QARP - Dividend Comparison

IWB's dividend yield for the trailing twelve months is around 0.91%, less than QARP's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWB iShares Russell 1000 ETF	0.91%	1.00%	1.14%	1.31%	1.56%	1.09%	1.37%	1.71%	2.06%	1.64%	1.89%	1.95%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.03%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWB and QARP in my portfolio?

IWB and QARP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWB or QARP?

IWB has higher volatility (2.88%) compared to QARP (2.21%). In terms of maximum drawdown, IWB dropped -55.38% vs QARP's -35.44%.

Which ETF is better, IWB or QARP?

On 5-year performance, IWB leads with 12.99% vs 12.06% for QARP. On fees, IWB is cheaper at 0.15% per year. On volatility, QARP has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWB or QARP?

Over the 5-year period, IWB has performed better with a 12.99% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWB or QARP?

IWB is cheaper with a 0.15% expense ratio, compared with 0.19% for QARP.

Which ETF pays a higher dividend yield, IWB or QARP?

QARP has the higher dividend yield at 1.03%, compared with 0.91% for IWB.

What is the main difference between IWB and QARP?

IWB is categorized as Large Cap Blend Equities, while QARP is Large Cap Growth Equities. IWB tracks Russell 1000 Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.15% for IWB and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.43 vs 2.28), 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.