QQJG vs. IMCG

Last updated Jun 4, 2026

QQJG (Invesco ESG NASDAQ Next Gen 100 ETF) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds - QQJG tracks the Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross while IMCG tracks the Morningstar US Mid Cap Broad Growth Index. Both are passively managed. Over the past 3 years, QQJG returned 14.09%/yr vs 19.24%/yr for IMCG. Their correlation of 0.89 suggests significant overlap in exposure. QQJG charges 0.20%/yr vs 0.06%/yr for IMCG.

Performance

QQJG vs. IMCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and iShares Morningstar Mid-Cap Growth ETF (IMCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQJG achieves a 1.44% return, which is significantly lower than IMCG's 20.64% return.

QQJG

• 1D: 0.00%
• 1M: 0.00%
• YTD: 1.44%
• 6M: 1.92%
• 1Y: 18.92%
• 3Y*: 14.09%
• 5Y*: —
• 10Y*: —

IMCG

• 1D: 0.49%
• 1M: 7.37%
• YTD: 20.64%
• 6M: 18.66%
• 1Y: 23.93%
• 3Y*: 19.24%
• 5Y*: 8.72%
• 10Y*: 14.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQJG vs. IMCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	1.44%	18.05%	14.67%	17.20%	-27.69%	0.91%
IMCG iShares Morningstar Mid-Cap Growth ETF	20.64%	6.55%	18.14%	20.73%	-25.79%	0.79%

Correlation

The correlation between QQJG and IMCG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.89

Over the past year, the correlation between QQJG and IMCG has dropped to 0.65 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

QQJG vs. IMCG - Sectors Allocation Comparison

Sectors	QQJG	IMCG
Technology	44.5%	30.4%
Healthcare	18.2%	7.4%
Consumer Cyclical	14.3%	10.0%
Industrials	6.4%	26.6%
Communication Services	6.2%	2.6%
Consumer Defensive	3.4%	1.2%
Basic Materials	2.5%	4.5%
Energy	1.6%	2.1%
Financial Services	0.1%	9.1%
Real Estate	-	3.4%
Utilities	-	2.7%

Return for Risk

QQJG vs. IMCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQJG

QQJG Risk / Return Rank: 45
QQJG Sharpe Ratio Rank: 39
QQJG Sortino Ratio Rank: 38
QQJG Omega Ratio Rank: 46
QQJG Calmar Ratio Rank: 49
QQJG Martin Ratio Rank: 53

IMCG

IMCG Risk / Return Rank: 47
IMCG Sharpe Ratio Rank: 45
IMCG Sortino Ratio Rank: 46
IMCG Omega Ratio Rank: 43
IMCG Calmar Ratio Rank: 48
IMCG Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQJG vs. IMCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.

	QQJG	IMCG	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.55	-0.18
Sortino ratio: Return per unit of downside risk	1.97	2.23	-0.26
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	2.42	2.36	+0.05
Martin ratio: Return relative to average drawdown	8.87	9.19	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQJG vs. IMCG - Sharpe Ratio Comparison

The current QQJG Sharpe Ratio is 1.37, which is comparable to the IMCG Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of QQJG and IMCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQJG	IMCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.55	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.54	-0.38

Drawdowns

QQJG vs. IMCG - Drawdown Comparison

The maximum QQJG drawdown since its inception was -36.76%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for QQJG and IMCG.

Drawdown Indicators

	QQJG	IMCG	Difference
Max Drawdown Largest peak-to-trough decline	-36.76%	-58.96%	+22.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-10.17%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-21.92%	-1.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.08%	—
Current Drawdown Current decline from peak	-2.09%	0.00%	-2.09%
Average Drawdown Average peak-to-trough decline	-15.32%	-9.22%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.61%	-0.46%

Volatility

QQJG vs. IMCG - Volatility Comparison

The current volatility for Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) is 0.00%, while iShares Morningstar Mid-Cap Growth ETF (IMCG) has a volatility of 4.53%. This indicates that QQJG experiences smaller price fluctuations and is considered to be less risky than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQJG	IMCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.53%	-4.53%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	12.54%	-4.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	15.50%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	20.16%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	20.51%	+1.19%

QQJG vs. IMCG - Expense Ratio Comparison

QQJG has a 0.20% expense ratio, which is higher than IMCG's 0.06% 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

QQJG vs. IMCG - Dividend Comparison

QQJG's dividend yield for the trailing twelve months is around 13.86%, more than IMCG's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMCG iShares Morningstar Mid-Cap Growth ETF	0.65%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%
QQJG Invesco ESG NASDAQ Next Gen 100 ETF	13.86%	0.68%	0.65%	0.54%	0.70%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQJG and IMCG in my portfolio?

QQJG and IMCG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQJG or IMCG?

IMCG has higher volatility (4.53%) compared to QQJG (0.00%). In terms of maximum drawdown, QQJG dropped -36.76% vs IMCG's -58.96%.

Which ETF is better, QQJG or IMCG?

On 3-year performance, IMCG leads with 19.24% vs 14.09% for QQJG. On fees, IMCG is cheaper at 0.06% per year. On volatility, QQJG has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQJG or IMCG?

Over the 3-year period, IMCG has performed better with a 19.24% return vs 14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQJG or IMCG?

IMCG is cheaper with a 0.06% expense ratio, compared with 0.20% for QQJG.

Which ETF pays a higher dividend yield, QQJG or IMCG?

QQJG has the higher dividend yield at 13.86%, compared with 0.65% for IMCG.

What is the main difference between QQJG and IMCG?

QQJG tracks Nasdaq Next Generation 100 ESG Index - Benchmark TR Gross, while IMCG tracks Morningstar US Mid Cap Broad Growth Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQJG and 0.06% for IMCG.

Which has better risk-adjusted returns?

IMCG currently has the higher Sharpe Ratio (1.55 vs 1.37), 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.