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IWD vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWD vs. QQQ

Last updated Jun 23, 2026

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 11.73%/yr vs 22.48%/yr for QQQ. A 0.71 correlation means they provide meaningful diversification when combined. 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 16.59% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, IWD has underperformed QQQ with an annualized return of 11.73%, while QQQ has yielded a comparatively higher 22.48% annualized return.

IWD

1D
0.56%
1M
3.38%
YTD
16.59%
6M
15.96%
1Y
30.67%
3Y*
18.83%
5Y*
11.26%
10Y*
11.73%

QQQ

1D
-0.25%
1M
2.96%
YTD
20.41%
6M
19.46%
1Y
40.91%
3Y*
27.47%
5Y*
16.94%
10Y*
22.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWD
iShares Russell 1000 Value ETF		16.59%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%
QQQ
Invesco QQQ ETF		20.41%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 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

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 0.58 (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

18.6%
58.7%

Financial Services

18.4%
0.2%

Industrials

12.5%
2.6%

Healthcare

10.6%
3.7%

Communication Services

8.1%
14.3%

Consumer Cyclical

7.1%
11.4%

Consumer Defensive

6.7%
6.4%

Energy

6.3%
0.5%

Utilities

4.0%
1.2%

Real Estate

3.9%
0.1%

Basic Materials

3.7%
1.0%

Technology

IWD
18.6%
QQQ
58.7%

Financial Services

IWD
18.4%
QQQ
0.2%

Industrials

IWD
12.5%
QQQ
2.6%

Healthcare

IWD
10.6%
QQQ
3.7%

Communication Services

IWD
8.1%
QQQ
14.3%

Consumer Cyclical

IWD
7.1%
QQQ
11.4%

Consumer Defensive

IWD
6.7%
QQQ
6.4%

Energy

IWD
6.3%
QQQ
0.5%

Utilities

IWD
4.0%
QQQ
1.2%

Real Estate

IWD
3.9%
QQQ
0.1%

Basic Materials

IWD
3.7%
QQQ
1.0%

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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWD
IWD Risk / Return Rank: 8787
Overall Rank
IWD Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 8888
Sortino Ratio Rank
IWD Omega Ratio Rank: 8585
Omega Ratio Rank
IWD Calmar Ratio Rank: 8585
Calmar Ratio Rank
IWD Martin Ratio Rank: 8989
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7272
Overall Rank
QQQ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7272
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
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.

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
2.33

+0.42

Sortino ratioReturn per unit of downside risk
3.82
3.03

+0.79

Omega ratioGain probability vs. loss probability

1.49

1.41

+0.09

Calmar ratioReturn relative to maximum drawdown

4.54

3.44

+1.11

Martin ratioReturn relative to average drawdown

18.84

12.79

+6.05

IWD vs. QQQ - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.75, which is comparable to the QQQ Sharpe Ratio of 2.33. 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

-0.10%

-0.99%

+0.89%

Average Drawdown

Average peak-to-trough decline

-8.64%

-32.73%

+24.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

3.21%

-1.58%

Volatility

IWD vs. QQQ - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 3.95%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. 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

3.95%

8.47%

-4.52%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

14.20%

-5.61%

Volatility (1Y)

Calculated over the trailing 1-year period

11.23%

17.67%

-6.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.83%

22.64%

-7.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.32%

22.43%

-5.11%

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 1.44%, more than QQQ's 0.49% yield.

PositionTTM20252024202320222021202020192018201720162015
IWD
iShares Russell 1000 Value ETF		1.44%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		0.49%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 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (8.47%) compared to IWD (3.95%). In terms of maximum drawdown, IWD dropped -60.10% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 22.48% vs 11.73% for IWD. Both ETFs have the same 0.18% expense ratio. On volatility, IWD has been the lower-risk option at 3.95%. 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 22.48% return vs 11.73%. 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 1.44%, compared with 0.49% 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 2.33), 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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