QQQH vs. IWM
Compare and contrast key facts about NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and iShares Russell 2000 ETF (IWM).
QQQH and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQH is managed by Neos. It was launched on Dec 19, 2019. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQH or IWM.
Correlation
The correlation between QQQH and IWM is 0.82, 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
QQQH vs. IWM - Performance Comparison
Key characteristics
QQQH:
0.13
IWM:
0.04
QQQH:
1.40
IWM:
0.23
QQQH:
1.57
IWM:
1.03
QQQH:
0.32
IWM:
0.03
QQQH:
3.20
IWM:
0.11
QQQH:
5.19%
IWM:
8.84%
QQQH:
123.90%
IWM:
24.05%
QQQH:
-52.73%
IWM:
-59.05%
QQQH:
-6.66%
IWM:
-18.68%
Returns By Period
In the year-to-date period, QQQH achieves a -3.09% return, which is significantly higher than IWM's -11.06% return.
QQQH
-3.09%
1.10%
-0.50%
15.43%
6.85%
N/A
IWM
-11.06%
-2.18%
-11.11%
-0.81%
9.93%
6.27%
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QQQH vs. IWM - Expense Ratio Comparison
QQQH has a 0.68% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
QQQH vs. IWM — Risk-Adjusted Performance Rank
QQQH
IWM
QQQH vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and iShares Russell 2000 ETF (IWM). 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
QQQH vs. IWM - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.59%, more than IWM's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.59% | 7.52% | 7.17% | 9.05% | 7.77% | 7.48% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.26% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
QQQH vs. IWM - Drawdown Comparison
The maximum QQQH drawdown since its inception was -52.73%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for QQQH and IWM. For additional features, visit the drawdowns tool.
Volatility
QQQH vs. IWM - Volatility Comparison
The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 11.33%, while iShares Russell 2000 ETF (IWM) has a volatility of 13.85%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.