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IWF vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWF vs. TQQQ

Last updated Jun 14, 2026

IWF (iShares Russell 1000 Growth ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - IWF is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, IWF returned 18.17%/yr vs 44.55%/yr for TQQQ. With a 0.96 correlation, they move nearly in lockstep. IWF charges 0.18%/yr vs 0.95%/yr for TQQQ.

Performance

IWF vs. TQQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, IWF achieves a 2.87% return, which is significantly lower than TQQQ's 47.28% return. Over the past 10 years, IWF has underperformed TQQQ with an annualized return of 18.17%, while TQQQ has yielded a comparatively higher 44.55% annualized return.

IWF

1D
0.03%
1M
-2.22%
YTD
2.87%
6M
3.39%
1Y
20.40%
3Y*
22.33%
5Y*
13.90%
10Y*
18.17%

TQQQ

1D
1.99%
1M
2.89%
YTD
47.28%
6M
47.23%
1Y
114.36%
3Y*
59.79%
5Y*
24.34%
10Y*
44.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWF vs. TQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWF
iShares Russell 1000 Growth ETF		2.87%18.33%33.12%42.59%-29.31%27.43%38.25%35.86%-1.67%29.95%
TQQQ
ProShares UltraPro QQQ		47.28%34.35%58.27%198.04%-79.09%82.98%110.05%133.84%-19.79%118.06%

Correlation

The correlation between IWF and TQQQ is 0.94, 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

0.94

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

0.97

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

0.98

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

0.97

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.96

The correlation between IWF and TQQQ has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

IWF vs. TQQQ - Sectors Allocation Comparison

Sectors
IWF
TQQQ

Technology

53.9%
53.8%

Consumer Cyclical

12.7%
12.3%

Communication Services

12.4%
15.8%

Healthcare

6.9%
4.2%

Industrials

5.4%
2.8%

Financial Services

5.0%
0.2%

Consumer Defensive

2.4%
7.7%

Real Estate

0.4%
0.1%

Energy

0.3%
0.6%

Basic Materials

0.3%
1.1%

Utilities

0.3%
1.4%

Technology

IWF
53.9%
TQQQ
53.8%

Consumer Cyclical

IWF
12.7%
TQQQ
12.3%

Communication Services

IWF
12.4%
TQQQ
15.8%

Healthcare

IWF
6.9%
TQQQ
4.2%

Industrials

IWF
5.4%
TQQQ
2.8%

Financial Services

IWF
5.0%
TQQQ
0.2%

Consumer Defensive

IWF
2.4%
TQQQ
7.7%

Real Estate

IWF
0.4%
TQQQ
0.1%

Energy

IWF
0.3%
TQQQ
0.6%

Basic Materials

IWF
0.3%
TQQQ
1.1%

Utilities

IWF
0.3%
TQQQ
1.4%

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 Growth ETF

ProShares UltraPro QQQ

Often compared with IWF:
IWF vs. IWDIWF vs. VUGIWF vs. SPYIWF vs. VOOIWF vs. IWMIWF vs. VONGIWF vs. IWY
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL

Return for Risk

IWF vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWF
IWF Risk / Return Rank: 3333
Overall Rank
IWF Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IWF Sortino Ratio Rank: 3535
Sortino Ratio Rank
IWF Omega Ratio Rank: 3636
Omega Ratio Rank
IWF Calmar Ratio Rank: 2727
Calmar Ratio Rank
IWF Martin Ratio Rank: 3030
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 6464
Overall Rank
TQQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5959
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 6262
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 6666
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 5959
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.

IWF vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth ETF (IWF) and ProShares UltraPro QQQ (TQQQ). 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.

IWFTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.19
2.09

-0.90

Sortino ratioReturn per unit of downside risk
1.66
2.42

-0.75

Omega ratioGain probability vs. loss probability

1.21

1.32

-0.11

Calmar ratioReturn relative to maximum drawdown

1.16

2.89

-1.73

Martin ratioReturn relative to average drawdown

3.83

9.26

-5.42

IWF vs. TQQQ - Sharpe Ratio Comparison

The current IWF Sharpe Ratio is 1.19, which is lower than the TQQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IWF and TQQQ, 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

IWF vs. TQQQ - Drawdown Comparison

The maximum IWF drawdown since its inception was -64.25%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for IWF and TQQQ.

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Drawdown Indicators

IWFTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-64.25%

-81.66%

+17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-16.27%

-36.97%

+20.70%

Max Drawdown (3Y)

Largest decline over 3 years

-23.36%

-58.04%

+34.68%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-81.66%

+48.94%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

-81.66%

+48.94%

Current Drawdown

Current decline from peak

-5.56%

-11.12%

+5.56%

Average Drawdown

Average peak-to-trough decline

-22.06%

-18.51%

-3.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.93%

11.52%

-6.59%

Volatility

IWF vs. TQQQ - Volatility Comparison

The current volatility for iShares Russell 1000 Growth ETF (IWF) is 5.36%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.79%. This indicates that IWF experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWFTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.36%

22.79%

-17.43%

Volatility (6M)

Calculated over the trailing 6-month period

12.40%

41.26%

-28.86%

Volatility (1Y)

Calculated over the trailing 1-year period

15.95%

51.24%

-35.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.46%

67.02%

-45.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.00%

66.22%

-45.22%

IWF vs. TQQQ - Expense Ratio Comparison

IWF has a 0.18% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

IWF vs. TQQQ - Dividend Comparison

IWF's dividend yield for the trailing twelve months is around 0.35%, less than TQQQ's 0.41% yield.

PositionTTM20252024202320222021202020192018201720162015
IWF
iShares Russell 1000 Growth ETF		0.35%0.36%0.46%0.67%0.91%0.49%0.66%0.99%1.27%1.10%1.43%1.37%
TQQQ
ProShares UltraPro QQQ		0.41%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

With a correlation of 0.94, IWF and TQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

TQQQ has higher volatility (22.79%) compared to IWF (5.36%). In terms of maximum drawdown, IWF dropped -64.25% vs TQQQ's -81.66%.

On 10-year performance, TQQQ leads with 44.55% vs 18.17% for IWF. On fees, IWF is cheaper at 0.18% per year. On volatility, IWF has been the lower-risk option at 5.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TQQQ has performed better with a 44.55% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWF is cheaper with a 0.18% expense ratio, compared with 0.95% for TQQQ.

TQQQ has the higher dividend yield at 0.41%, compared with 0.35% for IWF.

IWF is categorized as Large Cap Growth Equities, while TQQQ is Leveraged Equities. IWF tracks Russell 1000 Growth Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.18% for IWF and 0.95% for TQQQ.

TQQQ currently has the higher Sharpe Ratio (2.09 vs 1.19), 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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