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TQQQ vs. IWF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TQQQ vs. IWF

Last updated Jun 14, 2026

TQQQ (ProShares UltraPro QQQ) and IWF (iShares Russell 1000 Growth ETF) are both exchange-traded funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while IWF is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, TQQQ returned 44.55%/yr vs 18.17%/yr for IWF. With a 0.96 correlation, they move nearly in lockstep. TQQQ charges 0.95%/yr vs 0.18%/yr for IWF.

Performance

TQQQ vs. IWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and iShares Russell 1000 Growth ETF (IWF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TQQQ achieves a 47.28% return, which is significantly higher than IWF's 2.87% return. Over the past 10 years, TQQQ has outperformed IWF with an annualized return of 44.55%, while IWF has yielded a comparatively lower 18.17% annualized return.

TQQQ

1D
1.99%
1M
2.89%
YTD
47.28%
6M
47.23%
1Y
114.36%
3Y*
59.79%
5Y*
24.34%
10Y*
44.55%

IWF

1D
0.03%
1M
-2.22%
YTD
2.87%
6M
3.39%
1Y
20.40%
3Y*
22.33%
5Y*
13.90%
10Y*
18.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TQQQ vs. IWF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TQQQ
ProShares UltraPro QQQ		47.28%34.35%58.27%198.04%-79.09%82.98%110.05%133.84%-19.79%118.06%
IWF
iShares Russell 1000 Growth ETF		2.87%18.33%33.12%42.59%-29.31%27.43%38.25%35.86%-1.67%29.95%

Correlation

The correlation between TQQQ and IWF is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.96

The correlation between TQQQ and IWF has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

TQQQ vs. IWF - Sectors Allocation Comparison

Sectors
TQQQ
IWF

Technology

53.8%
53.9%

Communication Services

15.8%
12.4%

Consumer Cyclical

12.3%
12.7%

Consumer Defensive

7.7%
2.4%

Healthcare

4.2%
6.9%

Industrials

2.8%
5.4%

Utilities

1.4%
0.3%

Basic Materials

1.1%
0.3%

Energy

0.6%
0.3%

Financial Services

0.2%
5.0%

Real Estate

0.1%
0.4%

Technology

TQQQ
53.8%
IWF
53.9%

Communication Services

TQQQ
15.8%
IWF
12.4%

Consumer Cyclical

TQQQ
12.3%
IWF
12.7%

Consumer Defensive

TQQQ
7.7%
IWF
2.4%

Healthcare

TQQQ
4.2%
IWF
6.9%

Industrials

TQQQ
2.8%
IWF
5.4%

Utilities

TQQQ
1.4%
IWF
0.3%

Basic Materials

TQQQ
1.1%
IWF
0.3%

Energy

TQQQ
0.6%
IWF
0.3%

Financial Services

TQQQ
0.2%
IWF
5.0%

Real Estate

TQQQ
0.1%
IWF
0.4%

Compare stocks, funds, or ETFs

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

ProShares UltraPro QQQ

iShares Russell 1000 Growth ETF

Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL
Often compared with IWF:
IWF vs. IWDIWF vs. VUGIWF vs. SPYIWF vs. VOOIWF vs. IWMIWF vs. VONGIWF vs. IWY

Return for Risk

TQQQ vs. IWF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQQQ
TQQQ Risk / Return Rank: 6464
Overall Rank
TQQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5959
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 6262
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 6666
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 5959
Martin Ratio Rank
IWF
IWF Risk / Return Rank: 3333
Overall Rank
IWF Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IWF Sortino Ratio Rank: 3535
Sortino Ratio Rank
IWF Omega Ratio Rank: 3636
Omega Ratio Rank
IWF Calmar Ratio Rank: 2727
Calmar Ratio Rank
IWF Martin Ratio Rank: 3030
Martin Ratio Rank
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.

TQQQ vs. IWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and iShares Russell 1000 Growth ETF (IWF). 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.

TQQQIWFDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.19

+0.90

Sortino ratioReturn per unit of downside risk
2.42
1.66

+0.75

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratioReturn relative to maximum drawdown

2.89

1.16

+1.73

Martin ratioReturn relative to average drawdown

9.26

3.83

+5.42

TQQQ vs. IWF - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 2.09, which is higher than the IWF Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of TQQQ and IWF, 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

TQQQ vs. IWF - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than IWF's maximum drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for TQQQ and IWF.

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Drawdown Indicators

TQQQIWFDifference

Max Drawdown

Largest peak-to-trough decline

-81.66%

-64.25%

-17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-36.97%

-16.27%

-20.70%

Max Drawdown (3Y)

Largest decline over 3 years

-58.04%

-23.36%

-34.68%

Max Drawdown (5Y)

Largest decline over 5 years

-81.66%

-32.72%

-48.94%

Max Drawdown (10Y)

Largest decline over 10 years

-81.66%

-32.72%

-48.94%

Current Drawdown

Current decline from peak

-11.12%

-5.56%

-5.56%

Average Drawdown

Average peak-to-trough decline

-18.51%

-22.06%

+3.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.52%

4.93%

+6.59%

Volatility

TQQQ vs. IWF - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 22.79% compared to iShares Russell 1000 Growth ETF (IWF) at 5.36%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQQQIWFDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.79%

5.36%

+17.43%

Volatility (6M)

Calculated over the trailing 6-month period

41.26%

12.40%

+28.86%

Volatility (1Y)

Calculated over the trailing 1-year period

51.24%

15.95%

+35.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.02%

21.46%

+45.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

66.22%

21.00%

+45.22%

TQQQ vs. IWF - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than IWF's 0.18% expense ratio.

Dividends

TQQQ vs. IWF - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.41%, more than IWF's 0.35% yield.

PositionTTM20252024202320222021202020192018201720162015
IWF
iShares Russell 1000 Growth ETF		0.35%0.36%0.46%0.67%0.91%0.49%0.66%0.99%1.27%1.10%1.43%1.37%
TQQQ
ProShares UltraPro QQQ		0.41%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

With a correlation of 0.94, TQQQ and IWF 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.

TQQQ has higher volatility (22.79%) compared to IWF (5.36%). In terms of maximum drawdown, TQQQ dropped -81.66% vs IWF's -64.25%.

On 10-year performance, TQQQ leads with 44.55% vs 18.17% for IWF. On fees, IWF is cheaper at 0.18% per year. On volatility, IWF has been the lower-risk option at 5.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TQQQ has performed better with a 44.55% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWF is cheaper with a 0.18% expense ratio, compared with 0.95% for TQQQ.

TQQQ has the higher dividend yield at 0.41%, compared with 0.35% for IWF.

TQQQ is categorized as Leveraged Equities, while IWF is Large Cap Growth Equities. TQQQ tracks NASDAQ-100 Index (300%), while IWF tracks Russell 1000 Growth Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for TQQQ and 0.18% for IWF.

TQQQ currently has the higher Sharpe Ratio (2.09 vs 1.19), 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.

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