IWY vs. IQQQ
IWY (iShares Russell Top 200 Growth ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, IWY returned 14.08% vs 26.55% for IQQQ. Their correlation of 0.94 suggests significant overlap in exposure. IWY charges 0.20%/yr vs 0.55%/yr for IQQQ.
Performance
IWY vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, IWY achieves a 0.62% return, which is significantly lower than IQQQ's 12.97% return.
IWY
- 1D
- 0.80%
- 1M
- -7.16%
- YTD
- 0.62%
- 6M
- -0.84%
- 1Y
- 14.08%
- 3Y*
- 21.88%
- 5Y*
- 13.99%
- 10Y*
- 19.21%
IQQQ
- 1D
- -0.86%
- 1M
- -4.09%
- YTD
- 12.97%
- 6M
- 11.34%
- 1Y
- 26.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWY vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.62% | 18.19% | 21.51% |
IQQQ ProShares Nasdaq-100 High Income ETF | 12.97% | 17.11% | 14.82% |
Correlation
The correlation between IWY and IQQQ is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.94 |
The correlation between IWY and IQQQ has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
IWY vs. IQQQ — Risk / Return Rank
IWY
IQQQ
IWY vs. IQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.
| IWY | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.45 | -1.55 |
| Martin ratioReturn relative to average drawdown | 2.80 | 8.28 | -5.48 |
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Drawdowns
IWY vs. IQQQ - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for IWY and IQQQ.
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Drawdown Indicators
| IWY | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -20.41% | -12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -11.13% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | — | — |
Current DrawdownCurrent decline from peak | -7.85% | -5.13% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -3.63% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 3.28% | +2.01% |
Volatility
IWY vs. IQQQ - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 6.21%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 8.24%. This indicates that IWY experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWY | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 8.24% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 13.60% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 17.03% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.60% | 19.05% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 19.05% | +1.97% |
IWY vs. IQQQ - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than IQQQ's 0.55% expense ratio.
Dividends
IWY vs. IQQQ - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.36%, less than IQQQ's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 4.65% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.36% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
With a correlation of 0.90, IWY and IQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IQQQ has higher volatility (8.24%) compared to IWY (6.21%). In terms of maximum drawdown, IWY dropped -32.68% vs IQQQ's -20.41%.
On 1-year performance, IQQQ leads with 26.55% vs 14.08% for IWY. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQQQ has performed better with a 26.55% return vs 14.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.55% for IQQQ.
IQQQ has the higher dividend yield at 4.65%, compared with 0.36% for IWY.
IWY is categorized as Large Cap Growth Equities, while IQQQ is Nasdaq-100. IWY tracks Russell Top 200 Growth Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for IWY and 0.55% for IQQQ.
IQQQ currently has the higher Sharpe Ratio (1.60 vs 0.91), 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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