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IWR vs. QQQJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. QQQJ

Last updated Jun 26, 2026

IWR (iShares Russell Midcap ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds - IWR tracks the Russell Midcap Index while QQQJ tracks the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past 5 years, IWR returned 8.17%/yr vs 6.27%/yr for QQQJ. Their correlation of 0.90 suggests significant overlap in exposure. IWR charges 0.19%/yr vs 0.15%/yr for QQQJ.

Performance

IWR vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWR achieves a 14.90% return, which is significantly lower than QQQJ's 21.10% return.

IWR

1D
1.35%
1M
3.20%
YTD
14.90%
6M
13.08%
1Y
23.04%
3Y*
17.47%
5Y*
8.17%
10Y*
12.41%

QQQJ

1D
0.09%
1M
1.57%
YTD
21.10%
6M
18.56%
1Y
42.06%
3Y*
21.53%
5Y*
6.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWR vs. QQQJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IWR
iShares Russell Midcap ETF		14.90%10.37%15.21%17.05%-17.48%22.44%12.17%
QQQJ
Invesco NASDAQ Next Gen 100 ETF		21.10%20.44%15.36%13.68%-28.25%9.76%15.34%

Correlation

The correlation between IWR and QQQJ is 0.86, 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

0.86

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

0.89

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

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.90

The correlation between IWR and QQQJ has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

IWR vs. QQQJ - Sectors Allocation Comparison

Sectors
IWR
QQQJ

Technology

19.6%
40.4%

Industrials

18.1%
11.1%

Financial Services

12.1%
2.0%

Consumer Cyclical

11.1%
11.3%

Healthcare

8.7%
18.7%

Real Estate

6.8%

-

Energy

6.5%
1.0%

Utilities

5.7%
2.6%

Basic Materials

4.2%
2.6%

Consumer Defensive

3.9%
2.6%

Communication Services

3.3%
7.8%

Technology

IWR
19.6%
QQQJ
40.4%

Industrials

IWR
18.1%
QQQJ
11.1%

Financial Services

IWR
12.1%
QQQJ
2.0%

Consumer Cyclical

IWR
11.1%
QQQJ
11.3%

Healthcare

IWR
8.7%
QQQJ
18.7%

Real Estate

IWR
6.8%
QQQJ

-

Energy

IWR
6.5%
QQQJ
1.0%

Utilities

IWR
5.7%
QQQJ
2.6%

Basic Materials

IWR
4.2%
QQQJ
2.6%

Consumer Defensive

IWR
3.9%
QQQJ
2.6%

Communication Services

IWR
3.3%
QQQJ
7.8%

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 Midcap ETF

Invesco NASDAQ Next Gen 100 ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL
Often compared with QQQJ:
QQQJ vs. QQQMQQQJ vs. QQQQQQJ vs. VOTQQQJ vs. VOOQQQJ vs. QLDQQQJ vs. PSCTQQQJ vs. SPY

Return for Risk

IWR vs. QQQJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWR
IWR Risk / Return Rank: 6060
Overall Rank
IWR Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5858
Sortino Ratio Rank
IWR Omega Ratio Rank: 5353
Omega Ratio Rank
IWR Calmar Ratio Rank: 6666
Calmar Ratio Rank
IWR Martin Ratio Rank: 6868
Martin Ratio Rank
QQQJ
QQQJ Risk / Return Rank: 7979
Overall Rank
QQQJ Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QQQJ Sortino Ratio Rank: 7878
Sortino Ratio Rank
QQQJ Omega Ratio Rank: 7676
Omega Ratio Rank
QQQJ Calmar Ratio Rank: 7979
Calmar Ratio Rank
QQQJ Martin Ratio Rank: 8484
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.

IWR vs. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.

IWRQQQJDifference
Sharpe ratioReturn per unit of total volatility
1.68
2.23

-0.55

Sortino ratioReturn per unit of downside risk
2.39
2.98

-0.58

Omega ratioGain probability vs. loss probability

1.29

1.39

-0.10

Calmar ratioReturn relative to maximum drawdown

2.83

3.57

-0.74

Martin ratioReturn relative to average drawdown

10.84

14.75

-3.91

IWR vs. QQQJ - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.68, which is comparable to the QQQJ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IWR and QQQJ, 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

IWR vs. QQQJ - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than QQQJ's maximum drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for IWR and QQQJ.

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Drawdown Indicators

IWRQQQJDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-39.57%

-19.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-11.84%

+3.67%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-22.46%

+1.37%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-39.57%

+13.39%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.39%

+2.39%

Average Drawdown

Average peak-to-trough decline

-7.79%

-15.60%

+7.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

2.86%

-0.73%

Volatility

IWR vs. QQQJ - Volatility Comparison

The current volatility for iShares Russell Midcap ETF (IWR) is 4.67%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 6.96%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRQQQJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.67%

6.96%

-2.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.51%

15.60%

-5.09%

Volatility (1Y)

Calculated over the trailing 1-year period

13.83%

18.96%

-5.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.30%

22.18%

-3.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.36%

22.10%

-2.74%

IWR vs. QQQJ - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is higher than QQQJ's 0.15% 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

IWR vs. QQQJ - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.15%, more than QQQJ's 0.55% yield.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.15%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
QQQJ
Invesco NASDAQ Next Gen 100 ETF		0.55%0.85%0.77%0.67%0.76%0.91%0.09%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWR and QQQJ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQJ has higher volatility (6.96%) compared to IWR (4.67%). In terms of maximum drawdown, IWR dropped -58.78% vs QQQJ's -39.57%.

On 5-year performance, IWR leads with 8.17% vs 6.27% for QQQJ. On fees, QQQJ is cheaper at 0.15% per year. On volatility, IWR has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IWR has performed better with a 8.17% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.19% for IWR.

IWR has the higher dividend yield at 1.15%, compared with 0.55% for QQQJ.

IWR tracks Russell Midcap Index, while QQQJ tracks NASDAQ Next Generation 100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.19% for IWR and 0.15% for QQQJ.

QQQJ currently has the higher Sharpe Ratio (2.23 vs 1.68), 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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