IWP vs. QQQN

Last updated Aug 4, 2026

IWP (iShares Russell Mid-Cap Growth ETF) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - IWP tracks the Russell Midcap Growth Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. IWP charges 0.23%/yr vs 0.18%/yr for QQQN.

Performance

IWP vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Mid-Cap Growth ETF (IWP) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWP

• 1D: 2.09%
• 1M: -2.13%
• 6M: 2.92%
• YTD: 2.33%
• 1Y: 0.89%
• 3Y*: 13.76%
• 5Y*: 4.52%
• 10Y*: 11.76%
• ALL TIME*: 9.18%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IWP iShares Russell Mid-Cap Growth ETF	$87.21M	$107.35M	$115.18M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

IWP vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
IWP iShares Russell Mid-Cap Growth ETF	6.94%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

IWP vs. QQQN - Sectors Allocation Comparison

Sectors	IWP	QQQN
Technology	31.6%	47.3%
Industrials	20.4%	8.7%
Healthcare	13.9%	19.9%
Consumer Cyclical	13.4%	13.7%
Energy	4.5%	-
Financial Services	4.3%	-
Communication Services	3.2%	5.5%
Utilities	2.5%	1.6%
Real Estate	2.5%	-
Basic Materials	2.4%	1.9%
Consumer Defensive	1.3%	1.4%

Return for Risk

IWP vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IWP

IWP Risk / Return Rank: 12
IWP Sharpe Ratio Rank: 12
IWP Sortino Ratio Rank: 12
IWP Omega Ratio Rank: 12
IWP Calmar Ratio Rank: 12
IWP Martin Ratio Rank: 12

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IWP vs. QQQN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and VictoryShares Nasdaq Next 50 ETF (QQQN). 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.

	IWP	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	0.05	—	—
Sortino ratio: Return per unit of downside risk	0.20	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	0.06	—	—
Martin ratio: Return relative to average drawdown	0.17	—	—

Drawdowns

IWP vs. QQQN - Drawdown Comparison

The maximum IWP drawdown since its inception was -56.92%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IWP and QQQN.

Drawdown Indicators

	IWP	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	0.00%	-56.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.62%	—	—
Current Drawdown Current decline from peak	-4.44%	0.00%	-4.44%
Average Drawdown Average peak-to-trough decline	-9.64%	0.00%	-9.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.32%	—	—

Volatility

Volatility by Period

	IWP	QQQN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	0.00%	+17.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	0.00%	+22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	0.00%	+21.73%

IWP vs. QQQN - Expense Ratio Comparison

IWP has a 0.23% expense ratio, which is higher than QQQN's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWP vs. QQQN - Dividend Comparison

IWP's dividend yield for the trailing twelve months is around 0.35%, while QQQN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWP iShares Russell Mid-Cap Growth ETF	0.35%	0.37%	0.40%	0.54%	0.77%	0.30%	0.38%	0.59%	1.02%	0.78%	1.16%	0.98%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IWP or QQQN?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWP or QQQN?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.23% for IWP.

Which ETF pays a higher dividend yield, IWP or QQQN?

IWP has the higher dividend yield at 0.35%, compared with 0.00% for QQQN.

What is the main difference between IWP and QQQN?

IWP tracks Russell Midcap Growth Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.23% for IWP and 0.18% for QQQN.