IWR vs. BTQ.NEO
IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index, while BTQ.NEO (BTQ Technologies Corp) is a stock. Over the past 3 years, IWR returned 16.40%/yr vs 98.36%/yr for BTQ.NEO. At a 0.16 correlation, their price movements are largely independent.
Performance
IWR vs. BTQ.NEO - Performance Comparison
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Different Trading Currencies
IWR is traded in USD, while BTQ.NEO is traded in CAD. To make them comparable, the BTQ.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWR achieves a 13.23% return, which is significantly higher than BTQ.NEO's -19.90% return.
IWR
- 1D
- 0.93%
- 1M
- 3.80%
- YTD
- 13.23%
- 6M
- 11.96%
- 1Y
- 21.77%
- 3Y*
- 16.40%
- 5Y*
- 7.99%
- 10Y*
- 11.79%
BTQ.NEO
- 1D
- -5.50%
- 1M
- 29.09%
- YTD
- -19.90%
- 6M
- -30.34%
- 1Y
- 22.13%
- 3Y*
- 98.36%
- 5Y*
- —
- 10Y*
- —
IWR vs. BTQ.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 13.23% | 10.37% | 15.21% | 7.66% |
BTQ.NEO BTQ Technologies Corp | -19.90% | 88.56% | 342.98% | 11.18% |
Correlation
The correlation between IWR and BTQ.NEO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | 0.16 |
The correlation between IWR and BTQ.NEO shifts across timeframes, from 0.16 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWR vs. BTQ.NEO — Risk / Return Rank
IWR
BTQ.NEO
IWR vs. BTQ.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and BTQ Technologies Corp (BTQ.NEO). 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.
| IWR | BTQ.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 0.26 | +2.41 |
| Martin ratioReturn relative to average drawdown | 10.26 | 0.37 | +9.89 |
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Drawdowns
IWR vs. BTQ.NEO - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, smaller than the maximum BTQ.NEO drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for IWR and BTQ.NEO.
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Drawdown Indicators
| IWR | BTQ.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -84.79% | +26.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -84.79% | +76.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -84.79% | +63.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -70.78% | +70.78% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -47.36% | +39.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 59.76% | -57.63% |
Volatility
IWR vs. BTQ.NEO - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 4.49%, while BTQ Technologies Corp (BTQ.NEO) has a volatility of 42.41%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than BTQ.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWR | BTQ.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 42.41% | -37.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 84.89% | -74.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 161.46% | -147.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 171.66% | -153.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 171.66% | -152.28% |
Dividends
IWR vs. BTQ.NEO - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.14%, while BTQ.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
IWR and BTQ.NEO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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