IYW vs. TQQQ
Compare and contrast key facts about iShares U.S. Technology ETF (IYW) and ProShares UltraPro QQQ (TQQQ).
IYW and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both IYW and TQQQ 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: IYW or TQQQ.
Correlation
The correlation between IYW and TQQQ is 0.87, 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.
Performance
IYW vs. TQQQ - Performance Comparison
Key characteristics
IYW:
0.38
TQQQ:
0.04
IYW:
0.74
TQQQ:
0.58
IYW:
1.10
TQQQ:
1.08
IYW:
0.43
TQQQ:
0.05
IYW:
1.41
TQQQ:
0.14
IYW:
8.14%
TQQQ:
21.05%
IYW:
29.86%
TQQQ:
74.67%
IYW:
-81.89%
TQQQ:
-81.66%
IYW:
-12.56%
TQQQ:
-38.76%
Returns By Period
In the year-to-date period, IYW achieves a -8.57% return, which is significantly higher than TQQQ's -28.05% return. Over the past 10 years, IYW has underperformed TQQQ with an annualized return of 19.15%, while TQQQ has yielded a comparatively higher 28.87% annualized return.
IYW
-8.57%
2.76%
-3.18%
15.07%
21.25%
19.15%
TQQQ
-28.05%
-3.16%
-17.74%
11.49%
30.14%
28.87%
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IYW vs. TQQQ - Expense Ratio Comparison
IYW has a 0.42% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
IYW vs. TQQQ — Risk-Adjusted Performance Rank
IYW
TQQQ
IYW vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and ProShares UltraPro QQQ (TQQQ). 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
IYW vs. TQQQ - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.23%, less than TQQQ's 1.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.23% | 0.21% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% |
TQQQ ProShares UltraPro QQQ | 1.74% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
IYW vs. TQQQ - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.89%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for IYW and TQQQ. For additional features, visit the drawdowns tool.
Volatility
IYW vs. TQQQ - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 19.03%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.12%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.