IWP vs QQQ
IWP vs QQQ
iShares Russell Midcap Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. IWP offers more diversification with 267 holdings.
Side-by-Side Comparison
| Metric | IWP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.18% | |
| AUM | $19.8B | $455.8B | |
| Dividend Yield | 0.34% | 0.41% | |
| Holdings | 271 | 108 | |
| YTD Return | +1.39% | +14.45% | |
| 1Y Return | -1.34% | +24.70% | |
| 3Y Return (annualized) | +13.77% | +24.19% | |
| 5Y Return (annualized) | +4.55% | +14.49% | |
| Volatility (annualized) | 18.5% | 30.6% | |
| Max Drawdown | -57.3% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2001 | Mar 10, 1999 |
IWP vs QQQ Performance
iShares Russell Midcap Growth ETF (IWP) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IWP returned -1.34% while QQQ returned +24.70%. Year to date, IWP is up 1.39% versus a gain of 14.45% for QQQ.
Over three years, IWP compounded at +13.77% per year against +24.19% for QQQ; over five years the annualized figures are +4.55% and +14.49% respectively. Across the full 25-year window we track, QQQ has the edge at +12.98% annualized vs +8.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.5% for IWP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.3% for IWP and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWP charges 0.23% per year while QQQ charges 0.18%. On a $10,000 position that is $23 vs $18 annually, a gap of $5 per year that compounds over a long holding period. On income, IWP currently yields 0.34% against 0.41% for QQQ.
Holdings Overlap
IWP and QQQ share 17 holdings out of 353 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IWP | Weight in QQQ | Difference |
|---|---|---|---|
| DDOG | 2.33% | 0.38% | 1.95% |
| ALAB | 1.84% | 0.27% | 1.57% |
| TER | 1.65% | 0.24% | 1.41% |
| LITE | Pro | Pro | Pro |
| RKLB | Pro | Pro | Pro |
| AXON | Pro | Pro | Pro |
| TTWO | Pro | Pro | Pro |
| FAST | Pro | Pro | Pro |
| MCHP | Pro | Pro | Pro |
| ADSK | Pro | Pro | Pro |
See all 10 holdings IWP shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IWP or QQQ?
IWP has an expense ratio of 0.23% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, IWP or QQQ?
Over the past year IWP returned -1.34% vs +24.70% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (25 years), IWP annualized +8.54% vs +12.98% for QQQ. Past performance does not guarantee future results.
Which is riskier, IWP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.5% for IWP. Worst drawdown: IWP -57.3% vs QQQ -83.0%.
Should I hold both IWP and QQQ?
IWP and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWP and QQQ?
IWP and QQQ share 17 common holdings with a 3.5% weight overlap. Combined, they hold 353 unique securities.
Which pays a higher dividend, IWP or QQQ?
IWP yields 0.34% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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