IWX vs. QQQ
Compare and contrast key facts about iShares Russell Top 200 Value ETF (IWX) and Invesco QQQ (QQQ).
IWX and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IWX and QQQ 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: IWX or QQQ.
Performance
IWX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IWX achieves a 21.73% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, IWX has underperformed QQQ with an annualized return of 9.11%, while QQQ has yielded a comparatively higher 18.03% annualized return.
IWX
21.73%
2.62%
12.81%
28.30%
10.43%
9.11%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| IWX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.83 | 1.76 |
| Sortino Ratio | 4.05 | 2.35 |
| Omega Ratio | 1.52 | 1.32 |
| Calmar Ratio | 5.76 | 2.25 |
| Martin Ratio | 17.82 | 8.18 |
| Ulcer Index | 1.59% | 3.74% |
| Daily Std Dev | 10.01% | 17.36% |
| Max Drawdown | -35.76% | -82.98% |
| Current Drawdown | 0.00% | -1.62% |
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IWX vs. QQQ - Expense Ratio Comparison
Both IWX and QQQ have an expense ratio of 0.20%, 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 IWX and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IWX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and Invesco QQQ (QQQ). 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
IWX vs. QQQ - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 1.76%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 1.76% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.23% | 2.77% | 2.19% | 1.89% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IWX vs. QQQ - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IWX and QQQ. For additional features, visit the drawdowns tool.
Volatility
IWX vs. QQQ - Volatility Comparison
The current volatility for iShares Russell Top 200 Value ETF (IWX) is 3.82%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that IWX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.