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IYJ vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYJ vs. QQQ

Last updated Aug 4, 2026
Documentation

IYJ (iShares U.S. Industrials ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IYJ returned 12.57%/yr vs 20.46%/yr for QQQ. Their 0.73 correlation means they have sometimes moved together and sometimes differently. IYJ charges 0.38%/yr vs 0.18%/yr for QQQ.

Performance

IYJ vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Industrials ETF (IYJ) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYJ achieves a 12.88% return, which is significantly lower than QQQ's 14.23% return. Over the past 10 years, IYJ has underperformed QQQ with an annualized return of 12.57%, while QQQ has yielded a comparatively higher 20.46% annualized return.

IYJ

1D
1.71%
1M
0.11%
6M
7.11%
YTD
12.88%
1Y
17.95%
3Y*
16.91%
5Y*
9.36%
10Y*
12.57%
ALL TIME*
8.09%

QQQ

1D
1.76%
1M
-1.76%
6M
12.07%
YTD
14.23%
1Y
27.00%
3Y*
24.17%
5Y*
14.45%
10Y*
20.46%
ALL TIME*
10.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IYJ

iShares U.S. Industrials ETF
$23.95M$14.74M$15.31M

QQQ

Invesco QQQ ETF
$31.40B$28.17B$31.69B

IYJ vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYJ
iShares U.S. Industrials ETF		12.88%11.94%17.82%19.94%-13.53%17.02%17.37%32.27%-11.69%23.98%
QQQ
Invesco QQQ ETF		14.23%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between IYJ and QQQ is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.55

Correlation (3Y)
Balances recent behavior with more history.

0.62

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.71

Correlation (10Y)
Provides a long-term view across more market conditions.

0.69

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2000

0.73

The correlation between IYJ and QQQ shifts across timeframes, from 0.55 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

IYJ vs. QQQ - Sectors Allocation Comparison

Sectors
IYJ
QQQ

Industrials

65.6%
2.7%

Financial Services

17.3%
0.2%

Technology

7.1%
60.9%

Basic Materials

4.5%
1.0%

Utilities

3.3%
1.1%

Consumer Cyclical

1.6%
10.7%

Healthcare

0.4%
3.6%

Consumer Defensive

0.0%
6.3%

Communication Services

-

13.1%

Energy

-

0.5%

Real Estate

-

0.1%

Industrials

IYJ
65.6%
QQQ
2.7%

Financial Services

IYJ
17.3%
QQQ
0.2%

Technology

IYJ
7.1%
QQQ
60.9%

Basic Materials

IYJ
4.5%
QQQ
1.0%

Utilities

IYJ
3.3%
QQQ
1.1%

Consumer Cyclical

IYJ
1.6%
QQQ
10.7%

Healthcare

IYJ
0.4%
QQQ
3.6%

Consumer Defensive

IYJ
0.0%
QQQ
6.3%

Communication Services

IYJ

-

QQQ
13.1%

Energy

IYJ

-

QQQ
0.5%

Real Estate

IYJ

-

QQQ
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Industrials ETF

Invesco QQQ ETF

Often compared with IYJ:
IYJ vs. XLIIYJ vs. VISIYJ vs. EXIIYJ vs. EFIVIYJ vs. FXRIYJ vs. IYKIYJ vs. FXAIX
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

IYJ vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IYJ
IYJ Risk / Return Rank: 4444
Overall Rank
IYJ Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IYJ Sortino Ratio Rank: 4444
Sortino Ratio Rank
IYJ Omega Ratio Rank: 4040
Omega Ratio Rank
IYJ Calmar Ratio Rank: 4343
Calmar Ratio Rank
IYJ Martin Ratio Rank: 4949
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 5858
Overall Rank
QQQ Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5555
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6464
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IYJ vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and Invesco QQQ ETF (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.

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.

IYJQQQDifference
Sharpe ratioReturn per unit of total volatility
1.13
1.40

-0.27

Sortino ratioReturn per unit of downside risk
1.66
1.95

-0.29

Omega ratioGain probability vs. loss probability

1.20

1.25

-0.05

Calmar ratioReturn relative to maximum drawdown

1.58

2.27

-0.68

Martin ratioReturn relative to average drawdown

5.80

7.21

-1.41

IYJ vs. QQQ - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 1.13, which is comparable to the QQQ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of IYJ and QQQ, 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

IYJ vs. QQQ - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IYJ and QQQ.

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Drawdown Indicators

IYJQQQDifference

Max Drawdown

Largest peak-to-trough decline

-61.97%

-82.97%

+21.00%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-11.96%

+0.57%

Max Drawdown (3Y)

Largest decline over 3 years

-19.67%

-22.77%

+3.10%

Max Drawdown (5Y)

Largest decline over 5 years

-26.24%

-35.12%

+8.88%

Max Drawdown (10Y)

Largest decline over 10 years

-40.20%

-35.12%

-5.08%

Current Drawdown

Current decline from peak

-0.47%

-6.07%

+5.60%

Average Drawdown

Average peak-to-trough decline

-11.15%

-32.61%

+21.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

3.76%

-0.66%

Volatility

IYJ vs. QQQ - Volatility Comparison

The current volatility for iShares U.S. Industrials ETF (IYJ) is 4.71%, while Invesco QQQ ETF (QQQ) has a volatility of 6.96%. This indicates that IYJ 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.

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Volatility by Period

IYJQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

6.96%

-2.25%

Volatility (6M)

Calculated over the trailing 6-month period

12.78%

16.12%

-3.34%

Volatility (1Y)

Calculated over the trailing 1-year period

16.00%

19.37%

-3.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.18%

22.92%

-4.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

22.51%

-2.61%

IYJ vs. QQQ - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IYJ vs. QQQ - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.43% yield.

PositionTTM20252024202320222021202020192018201720162015
IYJ
iShares U.S. Industrials ETF		0.70%0.83%0.88%1.05%1.05%0.76%1.01%1.32%1.43%1.29%1.38%1.53%
QQQ
Invesco QQQ ETF		0.43%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

IYJ and QQQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.96%) compared to IYJ (4.71%). In terms of maximum drawdown, IYJ dropped -61.97% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 20.46% vs 12.57% for IYJ. On fees, QQQ is cheaper at 0.18% per year. On volatility, IYJ has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 20.46% return vs 12.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.38% for IYJ.

IYJ has the higher dividend yield at 0.70%, compared with 0.43% for QQQ.

IYJ is categorized as Industrials Equities, while QQQ is Nasdaq-100. IYJ tracks Dow Jones U.S. Industrials Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.38% for IYJ and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (1.40 vs 1.13), 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.

Portfolio Optimizer

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