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IYY vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. QQQ

Last updated Aug 2, 2026
Documentation

IYY (iShares Dow Jones U.S. ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IYY returned 14.60%/yr vs 20.44%/yr for QQQ. Their correlation of 0.87 means they have usually moved in the same direction. IYY charges 0.20%/yr vs 0.18%/yr for QQQ.

Performance

IYY vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Dow Jones U.S. ETF (IYY) 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, IYY achieves a 10.10% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, IYY has underperformed QQQ with an annualized return of 14.60%, while QQQ has yielded a comparatively higher 20.44% annualized return.

IYY

1D
0.66%
1M
0.01%
6M
8.60%
YTD
10.10%
1Y
20.96%
3Y*
18.93%
5Y*
11.85%
10Y*
14.60%
ALL TIME*
8.28%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

IYY

iShares Dow Jones U.S. ETF
$6.16M$5.24M$4.18M

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

IYY vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.10%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between IYY and QQQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

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

0.93

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

0.92

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

0.94

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

0.90

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2000

0.87

The correlation between IYY and QQQ has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

IYY vs. QQQ - Sectors Allocation Comparison

Sectors
IYY
QQQ

Technology

36.9%
60.9%

Financial Services

12.4%
0.2%

Healthcare

9.2%
3.6%

Communication Services

8.9%
13.1%

Consumer Cyclical

8.8%
10.7%

Industrials

8.7%
2.7%

Consumer Defensive

4.5%
6.3%

Energy

3.5%
0.5%

Utilities

2.7%
1.1%

Real Estate

2.2%
0.1%

Basic Materials

2.0%
1.0%

Technology

IYY
36.9%
QQQ
60.9%

Financial Services

IYY
12.4%
QQQ
0.2%

Healthcare

IYY
9.2%
QQQ
3.6%

Communication Services

IYY
8.9%
QQQ
13.1%

Consumer Cyclical

IYY
8.8%
QQQ
10.7%

Industrials

IYY
8.7%
QQQ
2.7%

Consumer Defensive

IYY
4.5%
QQQ
6.3%

Energy

IYY
3.5%
QQQ
0.5%

Utilities

IYY
2.7%
QQQ
1.1%

Real Estate

IYY
2.2%
QQQ
0.1%

Basic Materials

IYY
2.0%
QQQ
1.0%

Compare stocks, funds, or ETFs

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

iShares Dow Jones U.S. ETF

Invesco QQQ ETF

Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. CIND.LIYY vs. SCHBIYY vs. TQQQ
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

IYY vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IYY
IYY Risk / Return Rank: 6464
Overall Rank
IYY Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6161
Sortino Ratio Rank
IYY Omega Ratio Rank: 6161
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7373
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
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.

IYY vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYQQQDifference
Sharpe ratioReturn per unit of total volatility
1.46
1.16

+0.30

Sortino ratioReturn per unit of downside risk
2.04
1.65

+0.39

Omega ratioGain probability vs. loss probability

1.26

1.21

+0.06

Calmar ratioReturn relative to maximum drawdown

2.12

1.88

+0.25

Martin ratioReturn relative to average drawdown

9.03

6.00

+3.03

IYY vs. QQQ - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 1.46, which is comparable to the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of IYY 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

IYY vs. QQQ - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IYY and QQQ.

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Drawdown Indicators

IYYQQQDifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-82.97%

+27.80%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-11.96%

+3.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-22.77%

+3.71%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-35.12%

+9.66%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-35.12%

+0.22%

Current Drawdown

Current decline from peak

-1.46%

-7.69%

+6.23%

Average Drawdown

Average peak-to-trough decline

-10.79%

-32.62%

+21.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

3.74%

-1.64%

Volatility

IYY vs. QQQ - Volatility Comparison

The current volatility for iShares Dow Jones U.S. ETF (IYY) is 3.44%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that IYY 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

IYYQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

6.87%

-3.43%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

16.08%

-5.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.99%

19.38%

-6.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

22.90%

-5.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

22.50%

-4.34%

IYY vs. QQQ - Expense Ratio Comparison

IYY has a 0.20% expense ratio, which is higher than QQQ's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IYY vs. QQQ - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.88%, more than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.88%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%
QQQ
Invesco QQQ ETF		0.44%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

With a correlation of 0.93, IYY and QQQ 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.

QQQ has higher volatility (6.87%) compared to IYY (3.44%). In terms of maximum drawdown, IYY dropped -55.17% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 20.44% vs 14.60% for IYY. On fees, QQQ is cheaper at 0.18% per year. On volatility, IYY has been the lower-risk option at 3.44%. 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 20.44% return vs 14.60%. 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 0.20% for IYY.

IYY has the higher dividend yield at 0.88%, compared with 0.44% for QQQ.

IYY is categorized as Large Cap Blend Equities, while QQQ is Nasdaq-100. IYY tracks Dow Jones U.S. Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IYY and 0.18% for QQQ.

IYY currently has the higher Sharpe Ratio (1.46 vs 1.16), 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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