IWY vs. QQQ
Compare and contrast key facts about iShares Russell Top 200 Growth ETF (IWY) and Invesco QQQ (QQQ).
IWY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth 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 IWY 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: IWY or QQQ.
Performance
IWY vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, IWY achieves a 29.23% return, which is significantly higher than QQQ's 21.78% return. Both investments have delivered pretty close results over the past 10 years, with IWY having a 17.41% annualized return and QQQ not far ahead at 17.95%.
IWY
29.23%
1.55%
13.28%
35.29%
20.44%
17.41%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| IWY | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.07 | 1.70 |
| Sortino Ratio | 2.71 | 2.29 |
| Omega Ratio | 1.38 | 1.31 |
| Calmar Ratio | 2.59 | 2.19 |
| Martin Ratio | 9.85 | 7.96 |
| Ulcer Index | 3.64% | 3.72% |
| Daily Std Dev | 17.32% | 17.39% |
| Max Drawdown | -32.68% | -82.98% |
| Current Drawdown | -2.88% | -3.42% |
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IWY vs. QQQ - Expense Ratio Comparison
Both IWY 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 IWY and QQQ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IWY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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
IWY vs. QQQ - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.50%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.50% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IWY vs. QQQ - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IWY and QQQ. For additional features, visit the drawdowns tool.
Volatility
IWY vs. QQQ - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) and Invesco QQQ (QQQ) have volatilities of 5.70% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.