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IWD vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWD vs. QQQ

Last updated Aug 2, 2026
Documentation

IWD (iShares Russell 1000 Value ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IWD returned 11.56%/yr vs 20.44%/yr for QQQ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.18% expense ratio.

Performance

IWD vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWD achieves a 20.56% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, IWD has underperformed QQQ with an annualized return of 11.56%, while QQQ has yielded a comparatively higher 20.44% annualized return.

IWD

1D
0.44%
1M
2.03%
6M
15.34%
YTD
20.56%
1Y
32.78%
3Y*
17.82%
5Y*
11.62%
10Y*
11.56%
ALL TIME*
8.29%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWD

iShares Russell 1000 Value ETF
$542.34M$454.50M$526.80M

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

IWD vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWD
iShares Russell 1000 Value ETF		20.56%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between IWD and QQQ is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.58

Correlation (3Y)
Balances recent behavior with more history.

0.57

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (10Y)
Provides a long-term view across more market conditions.

0.64

Correlation (All Time)
Calculated using the full available price history since May 26, 2000

0.71

The correlation between IWD and QQQ shifts across timeframes, from 0.57 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

IWD vs. QQQ - Sectors Allocation Comparison

Sectors
IWD
QQQ

Technology

19.7%
60.9%

Financial Services

19.3%
0.2%

Healthcare

12.6%
3.6%

Consumer Cyclical

10.3%
10.7%

Industrials

10.2%
2.7%

Consumer Defensive

7.4%
6.3%

Energy

5.9%
0.5%

Utilities

3.8%
1.1%

Real Estate

3.8%
0.1%

Basic Materials

3.5%
1.0%

Communication Services

3.2%
13.1%

Technology

IWD
19.7%
QQQ
60.9%

Financial Services

IWD
19.3%
QQQ
0.2%

Healthcare

IWD
12.6%
QQQ
3.6%

Consumer Cyclical

IWD
10.3%
QQQ
10.7%

Industrials

IWD
10.2%
QQQ
2.7%

Consumer Defensive

IWD
7.4%
QQQ
6.3%

Energy

IWD
5.9%
QQQ
0.5%

Utilities

IWD
3.8%
QQQ
1.1%

Real Estate

IWD
3.8%
QQQ
0.1%

Basic Materials

IWD
3.5%
QQQ
1.0%

Communication Services

IWD
3.2%
QQQ
13.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 1000 Value ETF

Invesco QQQ ETF

Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. VONVIWD vs. IWVIWD vs. IWRIWD vs. EIMI.L
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

IWD vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWD
IWD Risk / Return Rank: 9494
Overall Rank
IWD Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 9494
Sortino Ratio Rank
IWD Omega Ratio Rank: 9494
Omega Ratio Rank
IWD Calmar Ratio Rank: 9393
Calmar Ratio Rank
IWD Martin Ratio Rank: 9595
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
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.

IWD vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Invesco QQQ ETF (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.

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.

IWDQQQDifference
Sharpe ratioReturn per unit of total volatility
2.75
1.16

+1.59

Sortino ratioReturn per unit of downside risk
3.83
1.65

+2.19

Omega ratioGain probability vs. loss probability

1.49

1.21

+0.29

Calmar ratioReturn relative to maximum drawdown

4.58

1.88

+2.71

Martin ratioReturn relative to average drawdown

19.60

6.00

+13.60

IWD vs. QQQ - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.75, which is higher than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of IWD and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWD vs. QQQ - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IWD and QQQ.

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Drawdown Indicators

IWDQQQDifference

Max Drawdown

Largest peak-to-trough decline

-60.10%

-82.97%

+22.87%

Max Drawdown (1Y)

Largest decline over 1 year

-6.79%

-11.96%

+5.17%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-22.77%

+7.06%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-35.12%

+16.08%

Max Drawdown (10Y)

Largest decline over 10 years

-38.51%

-35.12%

-3.39%

Current Drawdown

Current decline from peak

-0.09%

-7.69%

+7.60%

Average Drawdown

Average peak-to-trough decline

-8.60%

-32.62%

+24.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

3.74%

-2.15%

Volatility

IWD vs. QQQ - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 2.86%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

6.87%

-4.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

16.08%

-7.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.35%

19.38%

-8.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

22.90%

-8.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

22.50%

-5.25%

IWD vs. QQQ - Expense Ratio Comparison

Both IWD and QQQ have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IWD vs. QQQ - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.39%, more than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IWD
iShares Russell 1000 Value ETF		1.39%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

IWD and QQQ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.87%) compared to IWD (2.86%). In terms of maximum drawdown, IWD dropped -60.10% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 20.44% vs 11.56% for IWD. Both ETFs have the same 0.18% expense ratio. On volatility, IWD has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 20.44% return vs 11.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWD and QQQ have the same expense ratio: 0.18% per year.

IWD has the higher dividend yield at 1.39%, compared with 0.44% for QQQ.

IWD is categorized as Large Cap Value Equities, while QQQ is Nasdaq-100. IWD tracks Russell 1000 Value Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco.

IWD currently has the higher Sharpe Ratio (2.75 vs 1.16), 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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