IWL vs. QQQM
Compare and contrast key facts about iShares Russell Top 200 ETF (IWL) and Invesco NASDAQ 100 ETF (QQQM).
IWL and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWL is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Index. It was launched on Sep 22, 2009. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both IWL and QQQM 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: IWL or QQQM.
Performance
IWL vs. QQQM - Performance Comparison
Returns By Period
In the year-to-date period, IWL achieves a 27.41% return, which is significantly higher than QQQM's 23.97% return.
IWL
27.41%
1.55%
13.80%
32.86%
16.62%
13.86%
QQQM
23.97%
1.85%
11.69%
30.48%
N/A
N/A
Key characteristics
| IWL | QQQM | |
|---|---|---|
| Sharpe Ratio | 2.60 | 1.79 |
| Sortino Ratio | 3.45 | 2.39 |
| Omega Ratio | 1.49 | 1.32 |
| Calmar Ratio | 3.69 | 2.29 |
| Martin Ratio | 16.85 | 8.32 |
| Ulcer Index | 1.98% | 3.73% |
| Daily Std Dev | 12.82% | 17.34% |
| Max Drawdown | -32.71% | -35.05% |
| Current Drawdown | -0.99% | -1.77% |
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IWL vs. QQQM - Expense Ratio Comparison
Both IWL and QQQM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between IWL and QQQM is 0.94, 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
IWL vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) and Invesco NASDAQ 100 ETF (QQQM). 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
IWL vs. QQQM - Dividend Comparison
IWL's dividend yield for the trailing twelve months is around 1.05%, more than QQQM's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWL iShares Russell Top 200 ETF | 1.05% | 1.30% | 1.53% | 1.12% | 1.30% | 1.96% | 1.93% | 1.69% | 1.96% | 2.14% | 1.68% | 1.82% |
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWL vs. QQQM - Drawdown Comparison
The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for IWL and QQQM. For additional features, visit the drawdowns tool.
Volatility
IWL vs. QQQM - Volatility Comparison
The current volatility for iShares Russell Top 200 ETF (IWL) is 4.23%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.40%. This indicates that IWL experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.